When two people decide that it is time to bring their marriage to an end, their lives may be changed in all sorts of ways. Often, divorce can lead to a fresh start, especially for those who may not have been happy in their marriage. However, there are also various legal issues that may need to be assessed, such as the way in which divorce will affect an estate plan. Sometimes, people decide to get married to someone else after they have split up with their previous spouse, in which case they may want to add their new spouse to the estate plan.
Once you have decided to begin drafting your estate plan, you may notice that the term "estate planning" is actually a culmination of important things. Identifying critical components of your plan that require your immediate attention and which can wait temporarily, is a matter of deciding what is most important to you. At Curley Law Firm LLP, we have helped many people in Massachusetts to put together and finalize an estate plan that is legally binding.
In life, there are many positive and negative changes that may occur which can have an impact on someone’s estate plan. For example, when a child is born, a married couple decides to end their marriage, or major financial changes take place, going over an estate plan may be necessary. However, there are other life changes which can affect estate plans, some of which are completely unexpected, such as a car accident. If you were recently involved in a crash or one of your loved ones is struggling with the consequences of a traffic wreck, it might be a good idea to take another look at your estate plan.
If you are creating an estate plan, many hurdles may come up. However, handling challenges that involve beneficiaries can be especially difficult. Whether you are having a hard time naming beneficiaries and are not sure how to divide your assets or an argument arises over decisions you have made involving your will or trust, our law office is all too familiar with the different hurdles that people across Massachusetts sometimes have to work through when they are setting up an estate plan.
Many different life changes can have an impact on your estate plan, such as the loss of a loved one or significant financial changes. However, divorce is an especially difficult issue for many people to work through, especially with regard to their estate plan. Ending your marriage can affect your life in all sorts of ways, whether you find yourself in a child custody dispute or are unsure of how property will be divided between you and your spouse. To make things more complicated, some people are unsure of which changes they should make to their estate plan, whether they have a trust or will.
Legal issues related to trusts take many forms, whether you are in the process of setting up an estate plan or are having trouble naming beneficiaries. Moreover, there are all sorts of different trusts that people create and our law office knows how crucial it is for people in Wakefield and across all of Massachusetts to move forward with these matters properly. If you are considering creating a special needs trust for a beneficiary who is mentally ill or disabled, you should find answers to any questions that you have.