ESTATE PLANNING IN MIAMI BEACH, FLORIDA, MY HUSBAND AND I GOT DIVORCED, DO WE REVOKE OUR TRUSTS?

When a couple gets divorced, the best thing to do is to amend each separate trust. For example, A and B do an estate plan while married with separate assets leaving everything to each other and then to their children or loved ones. If they get divorced, that same couple will want to change this as it is rare that a divorced couple still wants to leave everything to each other. 

WHEN DO WE UPDATE OUR ESTATE PLANS IN MIAMI BEACH, FL?

Once the divorce is finalized and all assets divided, each spouse can then modify their current estate plan. It is best to wait until the divorce decree is issued because they are legally married until such date. Now that all assets have been divided, what do we do next? The next step is to contact your estate planning attorney in Miami Beach, Florida, and change your documents and beneficiaries. 

DO WE NEED TO CHANGE ALL BANK ACCOUNTS AND INVESTMENT?

In the case of a break-up or a divorce, you are most likely going to want to change all of your beneficiaries for bank accounts and investments. Also, remember to change your retirement account and life insurance beneficiaries. The easiest way to do this is to make a list of your assets and then go down the list one by one. 

HOW DO WE HANDLE THE REAL ESTATE?

The handling of real estate ownership in the case of divorce or a break-up is up to the individuals involved. For example, if both parties bought a home together, they may decide to sell it, buy out the other owner, or keep it in one person’s name. In all dealings with real estate, an attorney should be consulted to make sure all parties are protected.  

WHY SHOULD YOU USE ALLY M. GLASER, PA TO HANDLE YOUR WILLS AND TRUSTS, ESTATE PLANNING IN MIAMI BEACH,FL AND MIAMI-DADE AND BROWARD PROBATE MATTERS?

As a Miami Beach Estate Planning, Wills and Trusts and Probate Attorney in Miami Beach, Florida with over twenty-six years of experience and both a Psychology and Law degree, I handle these matters with knowledge and sensitivity. I am familiar and comfortable with both the Miami-Dade probate court system and Broward County probate court and know how to get things done. Additionally, because I do both estate planning and probate law, I am familiar with the challenges of each and provide my clients with additional protections. Call or email me today to discuss your Miami Beach, Florida Estate Planning, Wills and Trusts and Miami-Dade County, Florida Probate matters.  I am happy to help you and your loved ones during this important process.