Margaret Gettle Washburn, P.C.
(770) 676-1191
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Estate planning and divorce

The end of a marriage tends to involve a lot of emotion, drama and paperwork. It is no wonder why people may be so drained after the process has been completed that post-divorce estate planning is ignored or forgotten. However, this is a mistake that individuals should avoid at all costs or a former spouse may end up with assets under an existing estate planning document. The first step that divorced Georgia residents should take is to revise their will to remove the former spouse as an heir, unless the testator wants to keep that outcome.

In addition, people may want to update their beneficiary designations to reflect the changes in circumstances. Beneficiaries are typically named on bank accounts, life insurance policies and retirement accounts.

It may be worthwhile to put money and other assets into a trust. Doing so may shield those assets from creditors and others who may wish to lay claim to them. Money can be set aside for children or any other purpose in a trust with flexible language that allows parents to distribute that money as they see fit.

Prior to, during and after a divorce, it may be a good idea to have legal counsel. An attorney may be able to help with child custody, property division and other issues that need to be addressed, either in a negotiated settlement agreement or in an alternative dispute resolution setting such as mediation. After the decree is entered, legal counsel may be able to help find estate and financial planning professionals to help with finalizing all outstanding issues.

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Margaret Gettle Washburn, P.C.
4799 Sugarloaf Pkwy
Building J
Lawrenceville, GA 30044

Phone: 770-676-1191
Fax: 770-963-2828
Lawrenceville Law Office Map

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