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Child support and your estate plan

On Behalf of | Apr 20, 2018 | Estate Planning |

We understand that parents who are struggling with child support may be facing numerous challenges in their daily lives, from a financial and even an emotional point of view. While it can be difficult to work through these matters, especially for someone who already feels too stressed out with daily life, it is crucial to prevent additional complications from arising. For example, someone may need to take a second look at their estate plan as a result of child support issues.

If you recently split up with your spouse and will be required to pay child support, this could impact decisions that you have made with regard to the distribution of your estate’s assets. Moreover, you could find that child support payments have created certain financial concerns and brought changes to your life, such as prompting you to sell property, which could also necessitate making revisions to your will or trust. Aside from child support, there are other topics that have to do with family law which could push you to go over your estate plan again.

It is always a good idea to make sure that your estate plan suits your unique needs and will allow you to have your assets distributed in accordance with your wishes. Our law office fully understands that these decisions can be tough to make, especially for someone who is dealing with other stressors, but they are essential to handle properly. Navigate to the estate planning part of our blog if you would like to view more on revisiting an estate plan.