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Divorced? Don't forget to update your estate plan

Have you and your spouse recently separated or finalized a divorce in Florida? If so, you know the magnitude of these events on your life. It is all too easy to get overly focused on the things that require your immediate attention during a divorce. These include identifying how you and your partner will split assets, how you will assign responsibility for joint debts, how you will share time with your kids and more.

In the midst of taking care of these things and many more, it is understandable that you may not yet have turned your attention to your estate plan. Few people get excited about the thought of updating a will or a trust but it is important for you to do this as you re-establish your single life. As Forbes explains, a will or a trust are not the only things that you need to review at this time either.

What would happen if you were in an accident and unable to make medical decisions for yourself or to manage your finances, even temporarily? Making an advanced health care directive ensures the person you want to manage your care can do so. A durable power of attorney gives you peace of mind that your financial life is being handled by someone you trust. 

If you would like to learn more about the things you should do during and after a divorce to get your new life in order, please feel free to visit the estate planning for newly divorced persons page of our Florida family law website.

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Schipani and Norman, P.A.
1605 Main Street, Suite 1110
Sarasota, FL 34236

Phone: 941-549-8981
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