A divorce is a major life change. As such, you should make it a point to review and make changes to your estate plan if you go through a divorce. It is a good rule of thumb to make changes to your estate plan after any major life event, but a divorce causes so many changes that directly affect your estate plan that you cannot put off reviewing your plan.
Forbes suggests that there are some important aspects of your estate plan to pay attention to. Of course, you want to remove your ex-spouse from your estate plan documents. Make sure he or she is no longer listed as a beneficiary or heir. However, you also need to abide by your divorce agreement, so make sure that you are honoring anything you agreed to in that. You should make sure that your ex is no longer your power of attorney or is your emergency contact for health emergencies.
If you have minor children, you may want to include provisions for guardianship. This is especially true if your ex-spouse has any issues that could make him or her unfit to be a parent. You want to be sure your children have someone reliable to take care of them. Also, along those same lines, if you want your children to receive anything from your estate, you may want to set up trusts for them.
Essentially, you need to review every aspect of your estate plan to remove your ex-spouse from it. You want to be sure to do this as soon as possible after your divorce is finalized or perhaps even during the process. This information is for education and is not legal advice.