Estate Planning & Divorce

Have you recently gone through a divorce? A major life change, such as a divorce, is a critical time to establish an estate plan or update your existing estate plan.

If you are divorced and you have minor children, then now is the time to set up a will or a trust so that your assets are preserved and properly managed for the benefit of your children in the event of your death. Through your will, you may nominate a guardian for your children and a conservator for funds and property held for your children until they reach age 18.

If you previously established a will or a trust during your marriage, your documents likely nominate your former spouse as a fiduciary or as a beneficiary. Although, under Arizona law, a divorce automatically revokes any such nomination or revocable beneficial interest, it would be wise to update your documents with current nominees and beneficiaries.

With help from Scottsdale estate planning attorney Grant McKeehan, you can ensure that your current wishes are documented in writing. Proper planning can minimize the need for court proceedings and costs upon your death. If you would like to ensure that a certain family member, friend or financial institution is in charge of your estate after you pass, contact Grant N. McKeehan, PLC today to schedule an appointment and gain peace of mind.