Documents Needing Review for Divorcees
It is time to sit down at the kitchen table or wherever is comfortable for you and write a list of all of the documents that still have your spouses name on them. If your desire is to have someone else be the beneficiary, the documents need to be revised. Contact the appropriate official and begin the process. This may be an Attorney or an Accountant; you also may need to contact your financial institution.
When you were married, both of you; you and your spouse probably listed each other as beneficiaries and you probably purchased homes and cars, etc in both your names. It doesn't matter whether the relationship ended amicably or not. What does matter is that you are now responsible for yourself and if there are children, them as well. I am sure you have heard about people who inherited monies or homes from a former spouse, who has died. If the former spouse intended for this to happen, all is well; but what about the cases in which this was not the intention. Here is a scenario for you to consider: A former spouse remarries and dies some years later. The life insurance policy's beneficiary page was never updated (the divorcee forgot about it) and the former spouse inherits. You know this has happened and can happen again.
Here is list of some of the documents that should be reviewed as soon as possible. They are Wills; Trusts; Life Insurance Policies; Bank Accounts; Safe Deposit Box Accounts; Retirement Accounts; Health Insurance; Titles to homes, cars and anything else that has both your names listed. If you were to die today, would the people you want to inherit your possessions get them?
It is time to take Action. You may have been thinking about getting this done for a while and just haven't gotten around to it. I ask you to do more than think about it. I implore you to do something about it. You are worth it
Related Tags: life insurance, wills, trusts, divorced, widowed, titles
I am a Certified Life Coach Living in Sequim Washington. My specialty is Life Renewal for people who are widowed or divorced. I have been widowed for four years and I know what it has taken for me to put my life back together and my intention is to help others do the same. Please check out my web site at http://www.whitelotuslifecoaching.com or e-mail me to set up your free 20 minute consultation at firstname.lastname@example.org I offer one on one coaching, group coaching, tele-classes and I am available for motivational speaking. The Time To Renew Your Life IS Now!Your Article Search Directory : Find in Articles
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