As an Estate Planning Attorney, I hear this question a lot, “I am recently divorced, do I need to update my Estate Plan?” The simple answer is “Yes.” Updating your estate plan is especially critical if you have children together and you and your former spouse do not agree on how they should be cared for.
If you’re going through a divorce in Washington State, there are five important estate planning questions you should consider. They are:
What happens if I die during my divorce?
What happens if I become incapacitated during my divorce?
How can I protect myself during divorce?
How can I protect my children during divorce?
How can I make sure my share of community property goes to the people I want it to go to rather than my future ex-spouse if I become incapacitated or die during my divorce?
Washington State is one of the nine community property states in the country. This means that, as a general rule, spouses will own an equal interest in any property acquired during the marriage, even where only one spouse’s name is on the bank account, paycheck, or title. This distinction has a …
A lack of money is commonly one of the biggest stressors that a married couple has to deal with. This doesn’t become any less of an issue when it comes to a divorce. If you are struggling to stay afloat in your current arrangement, the thought of paying for a divorce can be a daunting one; two ho…
Although going through a divorce is going to be difficult on every member of your family, it is very common for your children to take the news the hardest and to need the most time to come to grips with the reality of what is happening. While there is likely nothing that you can do to make things…
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Although going through a divorce is going to be difficult on every member of your family, it’s very common for your children to take the news the hardest and to need the most time to come to grips with the reality of what is happening. While there is likely nothing that you can do to make thi…