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Estate Planning and Statutory Protections Against Your Ex

When getting a divorce, there are a number of things that you’ll definitely have to sort out. Aside from custody and support, you’re also going to have to sort out matters regarding your estate. This covers things like your will, insurance policies, pension, and the like. After all, you never know when something unfortunate might happen to you. But what can you do with regard to these things? How do can you sort out any concerns you have, such as altering your will? That’s where estate planning comes in.

What You Can Do

What you can and can’t do regarding matters of your estate depends on the state you live in. For example, if you’re in the middle of getting a divorce, you cannot change the beneficiaries of your life insurance. The same applies to the beneficiaries of your pension. Any adjustments that you want to make will have to wait until after the divorce. It is best to consult a lawyer regarding the laws of your state. But if you’re already divorced, then you can go on ahead and make the changes you want.

What Things You Can Change

When you’re sure that you’re allowed to make changes to anything within your estate, whether before, during, or after divorce, your next concern would be what things in your estate you should change. The things that might be of concern to you with regard to your estate could be your will, your health insurance and life insurance beneficiaries, and special powers of attorney among several other things. One thing to keep in mind when you make changes to anything within your estate would be what you want to give your ex. For example, if you do not want to give your ex any special powers of attorney, then you can transfer those powers from your ex to someone else. If you want to still include your ex in your will, then you can leave it as is. You can also alter your will if there are things that you want to change now that you’re divorced. Make sure to look at all the things in your estate that your ex might still be included in and see what changes you want to make. The more thorough you are, the better.

Life is very unpredictable. You never know when something unfortunate might happen to you. That’s why it’s good to always prepare for these things. That way, you don’t have to worry about things not going the way you wanted them to, especially with regard to your will, your life insurance, and whatnot. You wouldn’t want it going to the wrong hands, after all.

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Mr. Hutton is a Divorce and Custody Lawyer based out of Round Rock, TX. His background is with child psychology at Arizona State University where he received a B.S. in 2006, and he continued this by working with the Children’s Right’s Clinic at the University of Texas School of Law where he received his J.D. in 2009. Throughout his practice, he has been a strong proponent of utilizing modern technology to improve his practice and the representation of his clients. He currently is the technology chair of CAFA of Travis County and is committed to improving and modernizing the practice of law in Texas. If you have any questions you can contact him at timothy.hutton@austintexaslegal.com

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