If you are getting a divorce from your spouse, you have a lot of planning to do. You will need to name your own beneficiaries, organize your divided assets, and set up your individual estate.
It is important that you meet with a qualified attorney to discuss the specifics of planning your estate to ensure that your wishes are carried out as you desire. You need to be well versed in the most strategic methods of dividing your joint estate so that you do not end up paying all of the taxes while he or she enjoys the benefits of your assets.
I have outlined some important information for you to be aware of when planning your estate after your divorce. Please keep in mind that divorces lend themselves to new structures for individuals. You will want to meet with a qualified attorney to discuss how to best protect your new estate.
Assigning Your Beneficiary
During your marriage, chances are your spouse was the sole or major beneficiary of your estate. After your divorce, it is important that you designate a new beneficiary on all of your documents and for all of your accounts.
The federal law called ERISA pre-empts state laws that automatically...