KEEPING THE SAME BENEFICIARIES
‘Every year, thousands of divorcees who have neglected to change their wills end up passing away unexpectedly, leading to unnecessary legal drama,’ points out Nate Masterson, director of finance for Maple Holistics.
As soon as divorce becomes inevitable, change your will to reflect your updated status, Masterson advises, and make sure your children—or whoever is closest to you—will be the beneficiaries. The same is true for insurance policies and retirement accounts, points out Davis.
