Kansas City Divorce & Family Law Blog by Stange Law Firm, PC
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Is Your Estate Plan Protected in a Divorce?
Getting divorced can be a chaotic experience. The fallout can be extensive, unpredictable, and quite painful, especially if you have had no time to prepare for it. Once it’s over, you may not immediately know what to do next. You may want to prioritize your financial security by making sure your estate plan is protected. Following a life event, you may want to check on and update your estate plan with the aid of a Missouri estate planning lawyer. How Does a Divorce Affect Your Estate Plan? Unfortunately, there are many ways a divorce can alter your estate plan. If
Updating an Estate Plan After a Divorce
Few things in your life can be as chaotic, unpredictable, and painful as a divorce, particularly an unexpected one you may not have had time to prepare for. A divorce is a hefty life change that can leave you confused about what to do next, but it is vitally important to your financial security that you take the proper steps to protect yourself by prioritizing certain tasks. One of these is updating your estate plan, which a Missouri estate planning lawyer can help you with. Is It Important to Update Your Estate Plan After a Divorce? It is quite important
Should You Update Your Estate Plan After Divorce?
Dealing with a divorce is often a frantic and chaotic time in your life. It is a considerable life event that results in significant changes that force you to adapt to a new normal. There are usually many other details that get lost in the shuffle; things that you may not even think about until they become relevant issues. By then, it may be too late. One of these things is updating your estate plan with the help of an Illinois estate lawyer. Should You Update Your Estate Plan After Divorce? Yes, you should absolutely update your estate plan after
Talking to Your Parents About Estate Planning
Starting a discussion about estate planning with your parents can be a difficult subject to approach. It requires you to start talking about your parent’s death, and that can be painful to think about. Still, it is necessary to have a frank discussion about how your parents have prepared their estate plan, if they have one prepared at all. If they are in poor health or at an advanced age, you may want to reach out to an Illinois estate planning lawyer for help. Why You Should Talk to Your Parents About Their Estate Depending on your relationship with your
Understanding the Benefits of Avoiding Probate Court
The probate process is important to distribute a deceased person’s assets to their closest family members or the beneficiaries they name in their will. Unfortunately, probate is also a long, costly, public, and stressful process. Proper estate planning can avoid probate, keep your estate secure, and support your loved ones. An experienced estate planning attorney can help you create an estate plan that meets your needs and helps you avoid probate court. An estate plan can benefit you even if you are not incredibly wealthy; however, there are numerous drawbacks to the probate process. It can be helpful to understand
Understanding a Pour-Over Will
A revocable or irrevocable trust is a versatile and beneficial estate planning tool. It is used often in comprehensive estate plans to avoid probate. Many individuals plan for all of their assets to be included in these trusts. Unfortunately, unexpected circumstances can mean certain assets are not in a trust that were intended to be. An experienced estate planning attorney can review options to address this type of situation through the use of tools like pour-over wills. What Is a Pour-Over Will? A pour-over will is a will that automatically transfers all untitled assets to a trust. This provides further
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