Divorce typically brings with it unavoidable change, and if you are currently navigating your way through a split from your spouse, you may find yourself pulled in a number of different directions. A divorce has the potential to impact everything from the place you to call home to how frequently you see your children, and it is easy to find yourself distracted or sidetracked while your divorce is ongoing. As busy as you may be, though, you may want to devote some attention to your estate plan and how you may need to change it to reflect your new circumstances.
According to Forbes, failing to modify your estate plan as you work your way through your divorce may mean that your ex is going to retain certain powers over you and some of your affairs. It does not have to be this way, however. While some aspects of your estate plan may prove unchangeable, other areas are relatively easy to modify, and it may serve you well to update them.
More specifically, you may want to think about giving someone other than your ex power of attorney if you already gave him or her this designation. If you fail to do so, your ex may be able to continue to access your bank accounts or otherwise have a hand in your financial affairs.
Similarly, you may want to think about updating your health care proxy once you split from your former life partner if you gave him or her the power to make medical decisions on your behalf. If you are like many people navigating divorces, you may want to reduce the power your ex could potentially have over you to the fullest extent possible, and this is one way to do so. Learn more about estate planning by visiting our webpage.