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Setting up an estate plan after a divorce

For some people, bringing an unhealthy marriage to an end represents a fresh start, or a second chance at happiness. There are different ways in which people change their lives in the wake of a divorce, whether they are able to enjoy activities that were impossible or challenging to participate in during their marriage or they find a sense of freedom and have the energy to pursue new interests.

Ending a marriage can have a financial impact in many different ways, whether someone begins to receive spousal support or child support payments or they are required to make such payments. Property division and other financial matters may affect you and for some people, this is a perfect time to set up an estate plan. Whether you plan on remarrying or staying single for the rest of your life, or if you have kids or are childless, there are many different factors you may need to go over.

With a fresh start on life, some people decide that the time has come to create a will or a trust. It is important for you to compare your options and make sure that you move forward with the most sensible type of estate plan given your personal financial circumstances. There are many different types of trusts, for example, so you should review all of your options before settling on one.

Head to our law office’s webpage that focuses on estate plans if you are interested in having a look at more material related to creating a will or trust.

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