potterlaw

North Carolina and Kentucky Estate Planning Attorneys

NC (704) 944-3245
KY (606) 324-5516
Attend a Free Seminar THIS IS AN ADVERTISEMENT
  • Home
  • About Us
    • About Our Firm
    • Attorney and Staff Profiles
  • Practice Areas
    • Asset Protection & Business Planning
    • Elder Law & Medicaid Services
    • Family-Owned Businesses & Farms
    • Incapacity Planning
    • IRA & Retirement Planning
    • Legacy Planning
    • Pet Planning
    • Probate
    • Special Needs Planning
    • Trust Administration
    • Estate and Gift Tax Figures
  • Elder Law
    • Emergency Medicaid & Nursing Home Planning
    • Guardianship & Conservatorship
    • Coping With Alzheimer’s
    • Hospice Care
    • Medicaid Planning
    • Nursing Home Planning
    • Veterans Benefits
  • Communities We Serve
    • Kentucky
      • Boyd County
        • Ashland
        • Florence
      • Kenton County
        • Covington
        • Independence
        • Fort Mitchell
    • North Carolina
      • Mecklenburg County
        • Charlotte
        • Huntersville
        • Davidson
  • Resources
    • Definitions
    • DocuBank
    • Elder Law
      • Elder Law Reports
      • Elder Law Links
      • Local Elder Law Resources
        • Ashland Elder Law Resources
    • Free Estate Planning Seminars
    • Free Estate Planning Worksheet
    • Frequently Asked Questions
      • Estate Planning FAQ’s
      • Trust Administration & Probate Frequently Asked Questions
      • Legacy Wealth Planning FAQ’s
      • Frequently Asked Questions for Families Without an Estate Plan
      • LGBT Estate Planning Frequently Asked Questions
    • Is Your Estate Plan Outdated?
    • Kentucky Probate Resources
      • Ashland, Kentucky Probate Resources
    • North Carolina Probate Resources
      • Huntersville, NC Probate Resources
    • Newsletters
    • Reports
      • Advanced Estate Planning
      • Basic Estate Planning
      • Elder Law Reports
      • Estate Planning for Niches
      • Trust Administration
  • Contact Us
  • BLOG

How Divorce Affects Your Estate Planning

May 2, 2011 by John Potter

If you are contemplating divorce or are separated or recently divorced, life has not gone as planned.  You are likely stressed and feeling overwhelmed.  In a way, divorce means starting over.  You are now likely making decisions yourself, wondering about your own retirement, and concerned about what life will bring next.

Because of all of these changes, you need to update your estate planning.  At the very least you will need to consult a qualified estate planning attorney to reevaluate your goals and financial position.

Consider the following:

  • Who do you want to name as guardians for your minor children?
  • Who will make medical decisions on your behalf if you are not able to make those decisions yourself?
  • Who will pay your bills and manage your finances if you are not able to handle these tasks yourself?
  • You do you want to leave your assets to after your death?
  • Do you need to provide for a beloved pet?
  • How will the change in income change your lifestyle, retirement, and goals?
  • Has your need for life insurance and disability insurance changed?
  • Have you purchased a new home?
  • Have you moved?
  • How have your estate planning goals changed?

Here’s your basic estate planning “to do” list:

  • Schedule an appointment with a qualified estate planning attorney to analyze your needs and to update your estate planning documents
  • Update beneficiary designations for your insurance policies, retirement plans, and annuities
  • Establish new bank accounts and credit cards
  • Analyze your insurance needs:  car, homeowners, renters, umbrella, life, and disability insurances
  • Change deed on house, title on car and other motor vehicles, and investment and bank accounts pursuant to your divorce agreement
  • Take a hard look at your retirement needs

If you have questions or concerns about how divorce affects your estate planning or you are recently divorced, consult with a qualified estate planning attorney.

  • About
  • Latest Posts

John Potter

Latest posts by John Potter (see all)

  • Our Ashland Trust Attorney Explains How a QTIP Trust Works - February 18, 2019
  • What Happens If I Leave Assets Out of My Living Trust? - February 15, 2019
  • What are the Advantages of an Irrevocable Trust? - February 14, 2019

Filed Under: Estate Planning Tagged With: Divorce, Estate Planning

Other Articles You May Find Useful

Ashland trust attorneys
Our Ashland Trust Attorney Explains How a QTIP Trust Works
Florence living trust lawyers
What Happens If I Leave Assets Out of My Living Trust?
irrevocable trusts
What are the Advantages of an Irrevocable Trust?
estate planning
Estate Planning vs Will: What is the Difference?
Huntersville living trust
Huntersville Living Trust Compared to the Last Will and Testament
living trust attorneys
What Does a Living Trust Do For You?

Free Estate Planning Worksheet

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.
  • This field is for validation purposes and should be left unchanged.

Follow Us

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

Subscribe to Our Blog

  • This field is for validation purposes and should be left unchanged.

Testimonials

Overall The Potter Firm was very professional. They took what could of been a very complicated process and were able to break it down so it was a lot easier to understand. We are confident we now have made the right decisions in our estate planning. Good firm to work with.
DKS & KMS
John Potter has been a real pleasure to work with. He is very knowledgeable and explains things in a very simplistic manner so the average person can understand how/why the laws are written. He is very attentive and asks questions in such a way that not only helps him understand your goals, but also helps you think about what type of goals and expectations you should be considering. Exemplary client service.
David J.
My husband and I selected Ms. Potter to assist with our small business. She responsive and attentive every time I have a question or need assistance, and is extremely knowledgeable and able to answer any legal question I have had. I know I can count on Ms. Potter for all of my business legal needs and I would highly recommend her to anyone needing legal assistance with such.
Jillian

Where We Are

Ashland

ASHLAND
1620 Carter Avenue
Ashland, KY 41101-7631
Phone: (606) 324-5516
Fax: (606) 324-4766

Charlotte

CHARLOTTE
15720 Brixham Hill Avenue
Suite 300,
Charlotte, NC 28277
Phone: (704) 944-3245

Huntersville

HUNTERSVILLE
11330 Vanstory Drive
Huntersville, NC 28078
Phone: (704) 944-3245

Northern Kentucky

NORTHERN KENTUCKY
7310 Turfway Road
Suite 550,
Florence, KY 41042
Phone: (859) 372-6655

Office Hours

Monday8:30 AM - 4:30 PM
Tuesday8:30 AM - 4:30 PM
Wednesday8:30 AM - 4:30 PM
Thursday8:30 AM - 4:30 PM
Friday8:30 AM - 3:00 PM

Map/Location

potter_sidbr_map

Search

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

The information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. The information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.

Privacy Policy | Terms of Service | Disclaimer | Site Map | Powered by American Academy of Estate Planning Attorneys

© 2019 American Academy of Estate Planning Attorneys, Inc. THIS IS AN ADVERTISEMENT