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Milwaukee Wisconsin Family Law Blog

How to maintain your estate plan over the years

You may know just how important it is to have an estate plan in place. Perhaps you used several professionals to help you with the process. It's comforting to know that your wishes are documented and that you have a plan in place for the end of your life.

However, once that plan is in place, how do you maintain it? Life constantly changes, and it may be difficult to know exactly when the right time is to make adjustments to your estate plan. Fortunately, experts have recommendations for families in Wisconsin on exactly how to ensure their estate plan is up to date, and they offer answers for common questions as well.

The differences between divorce, legal separation and annulment

You and your spouse choose to separate, but you do not make the decision lightly. You hope that ending your marriage through a legal procedure will prove best for you and your spouse's health and happiness. In Wisconsin, three types of legal divisions of marriages exist.

Perhaps you do not want to irrevocably divorce under law. You may even want to declare that your marriage never legally existed through the process of annulment. In any case of separation, you may wish to seek the expertise and advice of an experienced divorce attorney to help you decide which arrangement proves best for you and your spouse.

Seeking advice on opening a new chapter in life after a divorce

It is no secret that going through the end of a marriage can be a stressful and daunting process. If you and your spouse decide to part ways, you might have concerns about how the outcome of your divorce will affect your life and you may feel that the idea of opening a new chapter in life is an intimidating concept.

While a similar life event can be fraught with emotions, the decision to part ways could lead you into a better situation in the future. Although getting past your current situation and reaching the point where you are ready to move on may seem difficult, there are some steps that could help you achieve this goal.

Are you financially prepared for divorce?

Divorce can get financially and emotionally complicated. If you’re thinking about a divorce or are already involved in the process, it’s a good idea to know your financial situation. Knowing where you stand will help you see the big picture and give you more control throughout your divorce proceedings.

It’s only natural that many of the decisions made in divorce are emotional, so having knowledge of your financial situation can help you be more practical with your monetary decision making.

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