After spending years together, sharing traveling plans and family vacations, a divorce can be a deeply heart-breaking experience. The person that you thought you would have forever with is now separate from you and your future plans. It can be extremely difficult to even think straight during this time, but it is imperative to consider how this divorce will affect your estate planning.Read more about how divorce can complicate your financial future below...
One of the most overlooked aspects after a divorce is estate planning. People often forget to update the beneficiaries of their retirement accounts and life insurance policies. If your beneficiary forms are not changed, your ex-spouse may inherit a large portion of your assets in the event of your passing.
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