Divorce is a journey fraught with emotional and financial challenges, impacting not only the couple involved but also their families and their future. As one navigates through the complexities of ending a marriage in England or Wales, it’s imperative to consider the broader implications and plan ahead for what lies ahead. At Confidence Wills, a leading Will writing firm with consultants across England and Wales, we understand the importance of addressing estate planning during divorce and offer expert guidance to ensure your wishes are safeguarded. In this blog, Simon from Confidence Wills explores the effects of divorce on marriage and why writing a Will with Confidence Wills is crucial during this time.
Picture this: Sarah and James, a couple from Birmingham, have decided to part ways after years of growing apart. Amidst the emotional turmoil and legal proceedings, they realise they haven’t updated their Wills since they got married. Without a clear plan in place, their estate could end up in the wrong hands, causing further distress for their loved ones. This scenario underscores the importance of revisiting your will during divorce, ensuring your assets are distributed according to your wishes.
If Sarah and James didn’t rewrite their Will, and either one of them died, their existing Wills would treat the other as if they had predeceased one another and as such they wouldn’t benefit. If either James or Sarah had an amicable divorce and wanted the other to benefit (not uncommon) then they would need to rewrite their Wills.
More common, if James or Sarah had listed the other as executors and had left their estate to one another (a very common scenario) they would need to rewrite their Wills.
Divorce proceedings in England can be complex, with some couples desperate to divorce whilst others are more amicable. Couples must navigate through the grounds for divorce and negotiate financial settlements and arrangements for any children involved. Amidst these negotiations, it’s easy to overlook the importance of estate planning.
This is where Confidence Wills steps in. Our team of experienced consultants understands the intricacies of estate planning during divorce and is here to provide expert guidance every step of the way. Whether you’re considering updating your Will or creating a new one, our consultants will work closely with you to ensure your wishes are clearly outlined and legally binding. From appointing new beneficiaries to updating financial arrangements, we’ll help you navigate through the complexities of estate planning with confidence.
Contact Confidence Wills today to schedule a consultation with one of our expert consultants. Whether you have questions about updating your Will during divorce or need assistance with estate planning, our team is here to help. With our head office based in the West Midlands and consultants covering England and Wales, we’re well-equipped to assist you wherever you are. Most importantly, join the thousands of clients who have trusted us to ensure your estate planning is done properly.