Why it's important to update your will upon the death of a spouse

more+
less-

Your spouse or partner has just passed away. Coping with the loss of your loved one will be difficult. It is important that you allow yourself time to grieve.

As soon as you’re able, it is also vitally important to make sure that you take the death of your spouse into account in your estate planning. Let’s look at the various estate planning documents and some of the things that should be considered at this time.

Your will -

If you named your spouse or partner as estate trustee (formally known as an “executor”), you must name another. You may have named an alternate in the event that your spouse or partner died. If so, you need to consider finding an alternate estate trustee or estate trustees, depending on whether or not your alternate is still willing to act on your behalf at all. Also, your will may not have been revised for a considerable period of time, and you may feel quite different about your initial choice of estate trustee.

Please see full article below for more information

LOADING PDF: If there are any problems, click here to download the file.

Topics:  Beneficiaries, Estate Planning, Power of Attorney, Surviving Spouse, Wills

Published In: Wills, Trusts, & Estate Planning Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Lerners LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »