Personal finance tip - 08/13/04
Personal finance tip - 08/13/04
Personal finance tip
Divorce in the picture? Review your will
If you are getting divorced, both you and your spouse should ask an attorney to review and revise your wills and related estate planning tools to account for your new status as single people.
When the divorce is finalized, you will probably need to redraft your will as well as other estate planning documents to change beneficiaries and trustees, at least. Pay careful attention to guardianship arrangements for children. A number of estate and gift tax opportunities and pitfalls may arise as a result of a divorce.
Personal finance tip
Divorce in the picture? Review your will
If you are getting divorced, both you and your spouse should ask an attorney to review and revise your wills and related estate planning tools to account for your new status as single people.
When the divorce is finalized, you will probably need to redraft your will as well as other estate planning documents to change beneficiaries and trustees, at least. Pay careful attention to guardianship arrangements for children. A number of estate and gift tax opportunities and pitfalls may arise as a result of a divorce.
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