Estate Planning And Divorce
Estate Planning And Divorce
Let’s talk about Estate Planning and Divorce. Will a divorce affect your Will? Over the years, many people have asked us about how a divorce will affect a Will or Estate Plan. Sometimes the question comes out of curiosity, and at other times, the person asking has just gone through a divorce. The best time to review or establish an estate plan is after the occurrence of a major life event. In fact, these are often the only times many people even think about estate planning.
Major life events may include marriage, the birth of a child, or the death of a family member. Unfortunately, divorce is also a major life.
Beneficiary and Executor Designations
Typically, married couples have their estate plans drafted at the same time, and the terms of each plan are very similar. More often than not, one spouse has named the other as the executor of his or her Estate, as well as the sole beneficiary of his or her Estate. While Tennessee law contains a statute that essentially disinherits a person’s … Read the rest
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