3 Ways Estate Plans Change After a Divorce
 
When most people think of hiring a Will and Estate Attorney, they think of doing so when they get married or after a child is born. However, one crucial period that requires the assistance of a lawyer is if you begin divorce proceedings. To better understand how your estate plans will change after the dissolution of your marriage, consult the guide below.

Why You Need a Will and Estate Attorney During a Divorce

1. Power of Attorney
Once people decide to get married, they often choose their spouse as their power of attorney. This power of attorney is the person responsible handling your financial and business affairs if you are unable to care for them. However, if you opt for a divorce, you will likely want to give this responsibility to someone new, such as a parent or sibling.

2. Will
Most married couples opt to have Wills, in which all of the assets go to the surviving partner after their spouse’s passing. However, after a divorce, these needs will likely change. Not only will you likely want to leave your assets to someone else, but after the division of your property, your belongings will change, and you’ll need a Will of your own. You will also need to designate in your Will who you wish to care for your children.

3. Life Insurance
Life insurance policies are often made out to a person’s spouse to help them cover any unexpected costs after death. However, if you are going through a divorce, you likely won’t want your ex to receive these financial benefits. Working with a Will and Estate Attorney is the fastest way to complete these changes.
 
If you’re in the midst of a divorce and need a Will and Estate Attorney to ensure your assets and future are well-cared for, Schnurr Law Firm, P.C. is here to assist. Located in Fort Dodge, IA, and serving residents throughout Fort Dodge, Humboldt, Clarion, Webster City, Algona, Boone, and Rockwell City. Schnurr Law Firm, P. C. is proud to offer a broad range of legal services, from personal injury to real estate and estate planning. Visit their website to learn more about their practice, and call (515) 576-3911 to schedule a consultation today.