How Does A Divorce Actually Affect My Last Will And Testament
The effects of a divorce on a Last Will and Testament are actually quite important
. The reason for this is the fact that you created the Will when you and our spouse were on good terms and now that you are divorced your intention may have changed. It is this intention that is of particular importance to individuals who desire to utilize a Will in order to designate the beneficiaries of their estate. As the years go by these individuals have worked hard to amass assets and when it is coming time for them to pass on they need a method by which they can leave their assets to loved ones. The way to do this is to actually create a Will with the help of an attorney that will clearly outline your intention of leaving which assets to specific beneficiaries. The process seems very simple, however it is very critical that it is done right by the right professional as it has many legal, tax, and financial implications.
Once you get divorced many times your intention changes and that intention is the foundation of a Last Will and Testament. This intention is what the courts need to see when they are looking at your legal document in order to give their final order as to who is to receive the assets. Thus if you have gotten a divorce and your intention has changed then it is very good practice to actually have your attorney change your Will so to reflect your new desire to designate other beneficiaries other than your ex-spouse. The process is very important to deter future litigation because should you not remove your spouse from the legal document then the courts will just have to go with what's in the document and as such your ex-spouse has a very good change of getting a portion of your assets upon your passing.