There are many reasons people choose to modify their estate plan. Sadly, one of those reasons may be due to a spouse who recently passed away. If they were a beneficiary in your estate plan, these sudden changes might require you to make some adjustments.
Making changes can be hard when you’re emotional
Losing a spouse one can take a significant emotional toll on anyone. You may feel devastated, depressed and upset that your loved one has died, leaving you them with little energy to focus on reorganizing your estate plan. However, doing so is often crucial because you want to make sure you have everything in place if you pass away unexpectedly.
Adjustments you may want to consider
While every family’s situation is different, if your deceased spouse was the primary beneficiary in your estate plan, these are some questions you may want to ask yourself:
- Who can I trust to be my new medical and financial power of attorney?
- Who is responsible enough to take care of my children now that my spouse is gone?
- How should I redistribute my assets?
- Who will get my home if I were to die?
- Who will take over my financial accounts if I were to die?
Addressing these issues can be daunting
With all of the other responsibilities related to your estate plan, it’s crucial to address these issues swiftly, even though it can be difficult during such an emotional period. Luckily, an experienced estate law attorney can help their clients navigate through the complexities of the modification process.