GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re able to read more about oureditorial guidelinesand our products and servicesreview methodology.
This is especially true if the deceased spouse died without an estate plan.
Heres what Sunshine recommended toprevent this from happening.
Having an estate plans allows you to control who inherits your assets.
If this is the case, your plan should be updated to include the beneficiaries you desire.
Theres always a risk that something tragic could happen before your divorce is finalized, Sunshine said.
Even if youve mentally moved on, your legal documents may still reflect a very different reality.
Ideally, you should upgrade your plan prior to filing for divorce.
This step is essential in protecting your wishes for your estate.
Be sure to updateall of the documents that comprise your estate plan.
Its easy to forget who was named as the original beneficiary.
Thats why its so important to review and update these designations as soon as you begin contemplating divorce.
More From GOBankingRates
Sources
Share This Article:
