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New life, new you…new plan!

Are you recently divorced or divorced long ago? We always say when your life changes, your estate plan does too. Whether you are contemplating marriage again or happily single, your documents must be updated. Now, there is a law in our state’s Estate and Protected Individuals Code (EPIC) that revokes provisions in estate plans that leave everything to spouses (MCL 700.2807) upon divorce BUT you should never feel comfortable in relying completely on this law. There are several factors that must be considered that our nifty law does not take care of. These include: changing designees on powers of attorney, trustees or personal representatives; naming a guardian for your minor children should your ex-spouse become unable to care for the children; updating beneficiaries on all of your accounts and/ or in your documents… Click HERE to read more!

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