When divorce happens, it can be unpleasant. The failure to update estate planning documents and make simple updates to beneficiary designations can turn an unpleasant situation into an unmitigated disaster. Many people put these tasks off until tomorrow, but sometimes tomorrow never comes. The default rules vary wildly by state, and often result in breathtaking outcomes. The good news is, such disasters can be easily avoided with a proactive approach and the correct estate planning documents.
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