Estate Planning Mistakes - Number Seventeen

There are a number of triggering events that should have you making a Will or updating a current Will. One such event is marriage. Do not fail to amend your Will after you get married.

If you marry after making a Will (with no mention of a current or future spouse) and do not change it before you die, then your surviving spouse will receive the share of the estate to which a spouse would be entitled if you died without making a Will. This may or may not meet with your intent. It is always better to make your own plan then having the State's plan imposed upon you.

Contact us at http://www.ythlaw.com/for expert estate planning advice.

Divorce or Marriage

Whether you are getting a divorce or you are getting married, you need to have your wills done or updated upon the occurrence of either event.

I have had situations where the only will in effect was the one written before the divorce. Naming a prior spouse can be problematic upon death. Was the intent to provide for the person or the "spouse"? The prior spouse could allege that no change was made because there was still an interest by the divorcing spouse to leave the prior spouse assets upon death. The person in the best position to address the issue is now deceased.

Take care of those important matters when your life circumstances changes. Doing a will or updating one is one of those important matters to address.

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