Your divorce is final, and you breathe a sigh of relief because you can now move forward with your life. However, life likes to throw curve balls. Unexpected changes are difficult enough but even more so after a divorce due to added complexity. You find that now your agreement no longer works for your situation. What can you do?
You may have written a will or gone through exhaustive estate planning, covering all your bases. You have backup beneficiaries designated, and quite a few backup plans in case Plan A falls through.
An estate plan is the optimal way to protect your family's financial security in the long term. It creates a map for handling your estate and distributing assets after you've passed. There are many ways to set up your will and testament to plan ahead. To make sure those carefully made plans happen, you'll need to carefully choose an executor to your estate. You can choose a primary executor, a back up, or a co-executor.