divorce Tag

Important Info You Need to Know About How Divorce Can Impact Your Estate Plan

Most people never expect to get divorced. They love their spouse and anticipate spending the rest of their lives in marital bliss. Unfortunately, the data indicates this is not the norm. In fact, in the United States, nearly half of all married couples wind up getting divorced, according to the American Psychological Association. This is why it is important to be prepared and have as much information at your disposal. Below is a general overview of how a divorce can impact your estate plan. How Divorce Can Impact Your Will When you get divorced, any items or funds that are directed to your...

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How a Prenuptial Agreement can Impact Your Estate Plan

By Bobby Feisee, Ashburn Estate Planning Attorney With divorce rates reaching over 50 percent in the United States, more people decide enter into a prenuptial agreement before they get married. These agreements are especially common with families composed of children from a previous marriage or relationship. A prenuptial agreement is a legal document that is agreed upon and signed by both parties before marriage. A thorough agreement should fully disclose the financial assets of both you and your spouse. For example, savings accounts, stocks, interests in trusts and estates, and so forth. Prenuptial agreements also deal with any...

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