Estate Planning involving Divorce / Separation
To schedule an appointment, contact our law firm at 403-400-4092 or Chris@NeufeldLegal.com
A divorce, marital separation or the end of a common law relationship (an adult interdependent partner relationship) can have varying effects on one's will and other estate planning documents (i.e., trusts, powers of attorney, personal directives), such that prompt action with knowledgeable legal counsel should be undertaken. There are a multitude of variables at play which can have significant variances due to specific factors that are particular to your individual situation, your legal arrangements and the legal documents that are the foundation upon which your estate plan had been set out. As such, it is important that due consideration is given to the legal implications of the existing legal covenants and obligations arising from the separation, divorce or the end of an adult interdependent partner relationship, and how they impact and complicate the estate planning process.
By appropriately accounting for those aspects of the divorce, marital separation or end of the adult interdependent partner relationship in the structuring of the estate plan, it is possible to better optimize the money available for distribution to one's beneficiaries (and how the various aspects of your estate plan are managed and controlled). Given the unique structure of those pre-existing legal arrangements, an appropriate undertstanding of its particular demands and complexities must be ascertained and addressed in formulating the structure in light of one's situation and what is intended to be achieved in the future.
When you are divorced, separated or have end an adult interdependent relationship, the impact of the law on your existing will, power of attorney, personal directive and select other estate planning documents can vary substantially [more on legal impact of divorce - marital separation - end of common law relationship]; it should also be a priority to review and revise your will, power of attorney, personal directive and other estate planning documents to bring them in line with your new personal status [more on updating on divorce, separation, relationship end].
Contact our law firm today to learn how our legal team can help you with addressing your personal legal situation as it relates to your will and other estate planning arrangements, whether you are separated, divorcing or ending an adult interdependent partner relationship. Contact our law firm at 403-400-4092 or via email at Chris@NeufeldLegal.com to schedule a confidential initial consultation.
IMPORTANT NOTE: This website is designed for general informational purposes. The site is not designed to answer specific questions about your individual situation or entitlement. Do not rely upon the information provided on this website as legal advice in respect of your individual situation nor use it as substitute for individual legal advice. If you want specific legal advice, you need to engage a lawyer under established legal engagement procedures that have been specifically agreed to by that lawyer.
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