A Revised Estate Plan is Essential When You Remarry

If you are divorced and you remarry, it’s essential to update your estate plan. If you don’t have one, this is the time to take care of it.

When people don’t have an estate plan, their loved ones can end up bearing unnecessary legal fees, not to mention dealing with conflict among family members. When there are ex-spouses, newer spouses and children involved, those conflicts can get very nasty. You can minimize this turmoil by detailing your wishes in estate planning documents.

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Why an Estate Plan is Essential for Single People

Too many single people don’t think that they need an estate plan. However, they should.

A complete estate plan doesn’t just designate how your assets will be distributed after your death. You can and should have documents in place that designate who will see that your wishes are carried out and manage your affairs if you become too incapacitated to do so.

You can also designate who will take care of your financial affairs if you can’t. This will help ensure that your wishes will be known and honored not just after death but if an unexpected illness or injury befalls you that leaves you unable to speak for yourself. That can happen to anyone at any age.

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