Estate by Nick Youngson CC BY-SA 3.0 Pix4free
Estate Planning After Divorce
Estate Planning After Divorce: If you have recently been divorced, now is a good time to review your estate planning documents. While Florida statutes will provide some protection over your ex-spouse being able to inherit or exercise certain fiduciary powers, you still want to provide your loved ones with clear instructions. Additionally, you will want to review your estate plan with an attorney because certain assets, that contain a beneficiary designation, will need to be updated as well. While Florida Statute §732.703, generally provides for the automatic elimination of ex-spouses from your estate plan, this automatic elimination does not apply to employer-sponsored accounts that are governed by the Employee Retirement Income Security Act of 1974, referred to as ERISA. This is why it’s important to meet with an attorney and properly review your estate plan.
The law offices of Phillips, Hunt & Walker are located at 212 North Laura Street, Jacksonville, Florida 32202. You can submit a free case evaluation online at Floridajustice.com or over the phone at (904) 444-4444.
This blog post published by Phillips, Hunt & Walker is for informational purposes only and is not considered legal advice on any subject matter. For legal advice, please contact a licensed attorney.