When it comes to estate matters, a number of unexpected hurdles can create challenges. For example, you may be facing hardships following the loss of your spouse or a person who was granted power of attorney. However, you may need to make revisions to your estate plan after you and your marital partner split up. At Joseph A. Ledwidge, we understand how upsetting these experiences can be for New Yorkers, but it is pivotal for people in this position to address any estate issues that arise after a divorce.
There are various reasons why revising our estate plan following a divorce could be so important. For example, if you granted power of attorney to your former spouse, you may need to revoke this designation. Or, if you and your spouse owned property, or had children, this may necessitate taking another look at your estate plan.
For many people, divorce can be an incredibly difficult time and people may feel overwhelmed afterwards. However, it is essential to make sure that all responsibilities are handled and that your assets are protected. Unfortunately, some people have failed to go over their estate plan in a timely manner after splitting up with their spouse, which can lead to all sort of different challenges. For example, their former spouse may continue to have access to their estate in the event that they pass away.