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Workplace accidents and estate planning

On Behalf of | Apr 27, 2018 | Estate Planning |

Each day, people across the U.S. are injured on the job. Whether they are hurt while working in a field that is often recognized as dangerous, such as the construction industry, or sustain a work-related injury while working in an office, the consequences of work accident can be devastating. Moreover, these accidents can have an impact on workers in many other ways. For example, it may affect their estate plan.

Following a work accident, some injured workers may find that they need to review their trust or will because their financial circumstances have changed considerably. For example, they may not be able to work for the rest of their life, which could prompt major life changes. Or, they may gain access to a considerable amount of compensation due to another person’s negligence, in which case they may want to ensure that their assets are distributed among their loved ones properly after they pass away. In fact, a work accident can even play a role in other life changes, such as a divorce. When someone is hurt on the job, their relationship with their spouse may suffer in numerous ways, leading to a divorce, which may also cause people to revise their estate plan.

If you were hurt at work, it is pivotal to do all you can to not only recover physically but protect yourself financially. If you check out our estate plan page you will be able to go over information that has to do with reviewing an estate plan.