Benjamin Franklin said: “By failing to prepare, you are preparing to fail.” For a client that is getting divorced, this sentiment is true. If a client’s estate plan is not reviewed pre-divorce, it may be too late to affect the necessary changes if something happens to the client during the divorce proceeding.
Accordingly, updating the client’s estate plan after a divorce is not sufficient. Advanced planning and preparation are key to protecting clients during divorce proceedings. This article provides pre- and post-divorce estate planning tips to ensure the client’s intent is achieved.
