If you and your spouse in Illinois have decided to get separated or to get divorced, you will want to make sure that you take the right steps to protect yourself now and during any future proceedings. As you move forward to figure out how the two of you will disentangle your joint lives, you should make sure that updating your estate plan is part of this process.
As explained by Forbes, an estate plan can and should include a wide range of documents and tools. These may certainly include a will and a trust and those should be updated after your divorce is final when you know what assets will be yours. However, before that happens, there are other elements of your estate plan that you should address immediately.
Top on the list of documents to update as soon as you separate from your spouse should be your durable power of attorney and your advanced directive for medical care. Both of these documents provide another person with the ability to make essential decisions on your behalf should you become unable to for any reason. By having these documents updated as your life changes, you can rest assured that your financial matters and your health care needs will be managed by the person or persons who you really want to be handling these things for you.
This information is not intended to provide legal advice but is instead meant to give important information to divorcing residents in Illinois so that they may protect themselves appropriately by managing their financial and health care decisions during and after their divorce.