Many people involved in a divorce are focused on getting through that process, learning what the new state of their financial affairs may be, and figuring out how to live on the net income that is available. The Final Decree of Divorce, with its gold seal, usually signifies the end of process that seems never-ending. However, you should not stop there without a careful review of your estate plan. Have you confirmed that beneficiaries on your accounts are as you want them to be? Have you determined that payable on death accounts have been changed to reflect what you want? Is your will accurate? Some changes happen automatically upon entry of a decree of divorce, but you should use your own diligence to make sure that everything is how you want it in the event of your post-divorce death. It’s smart planning.
