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Massachusetts Divorce Law Monitor What you never thought you'd need to know about divorce

The Importance of Estate Plans Post-Divorce

Posted in Finances and Divorce, Post-Divorce

Hi there,

If your divorce has just ended, you probably feel like you NEVER want to talk to a lawyer again. However, there are a number of financial steps you should take after you divorce, and one requires a lawyer:  You need to change your estate plan, or if you don’t have one, create an estate plan.

Not only does this require good professional assistance, it costs money. Maybe money you feel you can’t spend because you are now “divorce poor.”

I get that. The divorce process drains you of energy and time and money. Regardless, you are at a new beginning and you need to get this one piece done right.

In addition, and it might not happen as part of your estate planning, you need to be sure you have dealt with the possibility that something might happen to your adult (over age 18) unmarried children as well. We tend to assume that when children leave the nest that’s it. In tragedy, it often isn’t.

Best,

Nancy