Property Planning After Divorce – Rickard & Associates

Property Planning After Divorce – Rickard & Associates

Our purchasers all have distinctive pasts that must be thought of when drafting their property planning paperwork. A lot of our purchasers are newly married or newly divorced and wish to make certain their property and households are protected, given their current life modifications.

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After a divorce, it’s important to replace your property planning paperwork or work together with your legal professional to draft new property planning paperwork.

Initially, your legal professional might want to see your divorce settlement. Relying on the character of your divorce, it might include provisions that can influence your property plan or have potential tax implications.

You probably have minor youngsters, you’ll probably wish to create a belief for them. In any other case, if you’re deceased and your ex-spouse has custody, they may have management of the youngsters’s’ funds till they flip 18. You probably have a belief, you’ll be able to choose the trustee to regulate the cash in your youngsters in line with your needs .

In case you beforehand had an property plan finished, it’s probably that you just chosen your partner to be your energy of legal professional. Now could be the time to choose a brand new energy of legal professional for healthcare and monetary choices, for those who turn into incapacitated.

Your belief could have been joint or appointed your partner as trustee. It’s important to choose a brand new trustee that you just wish to deal with your property.

It’s probably your distribution part will must be revised as properly, in order that your property don’t go to your partner upon dying.

Lastly, if you’re contemplating remarriage, it’s important that you’ve got a prenuptial settlement in place. We assist our purchasers to draft tailor-made prenuptial agreements previous to their marriage.

You probably have not too long ago gone by way of a divorce, contact Rickard & Associates at this time to make it possible for your property and future pursuits are protected. We’ll assist to make sure that your paperwork are in accordance together with your divorce decree and afford you and your property essentially the most safety.

Contact us at this time that will help you get the proper paperwork in place or to replace your present property plan. We’ll plan in order that you do not have to fret about your future.

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