Estate Planning
A divorce brings a number of challenging issues to light, one of which is planning your estate. Married individuals usually grant power of attorney to each other, make each other the beneficiary of their property if they are to pass away, and usually invest in retirement accounts with each other. However, these determinations may need to change if a couple decides to get divorced.
If you or someone you know is considering going through a divorce, you need the help of an experienced attorney. The experienced Frisco divorce attorneys of Alexander & Associates have the knowledge and experience necessary to help you. Contact us at 972-420-6570 for more information on your legal rights and options.
Major Aspects of Estate Planning
There are a number of major estate planning considerations that will need to be addressed, including the following
- Insurance Policies: When couples purchase life insurance, in most cases, they make each other and / or their children the beneficiaries of the policies. In a divorce, this may need to be reevaluated.
- Powers of Attorney: A power of attorney form can give another individual the right to make important financial and medical decisions for you if you are unable to do so physically or mentally. In the event of a divorce, you would want to remove this power from your soon-to-be ex.
- Healthcare Decisions: Couples also may be able to make decisions about which treatment their spouse should receive, whether or not they should go through surgery, etc. if the person is unable to do so for him or herself, unless the person stipulated someone else before they were incapacitated. A divorce necessitates granting this right to a more appropriate person.
An attorney will be of great value in handling such complex legal issues and can help you focus on your goals and your desires.
Contact Us
If you or someone you know is going through a divorce, contact the passionate Frisco divorce attorneys of Alexander & Associates at 972-420-6570 to find out more information about your legal options.
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