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<\/a>An unfortunate, but common, scenario: You and your spouse get divorced.\u00a0 You remarry, but die shortly thereafter.\u00a0 Your loved ones discover that amidst all the excitement of your divorce and remarriage, you forgot to update your estate plan.\u00a0 Your will and beneficiary designations all leave everything you own to your first spouse.\u00a0 What happens now?<\/p>\nYou may be surprised to learn that in Virginia, unless otherwise provided in the divorce decree or your separation agreement, a divorce automatically revokes some provisions of your estate plan, while having no effect on others.\u00a0 Here is a summary on the effect a divorce may have on each of aspect of your estate plan.<\/p>\n
Wills<\/strong><\/p>\n Va. Code \u00a7 64.2-412(A) provides that upon divorce or annulment, any provision in a client\u2019s existing will in favor of a former spouse is revoked.\u00a0 This includes not only provisions leaving assets to the former spouse, but also provisions conferring a general or (more…)<\/span><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" An unfortunate, but common, scenario: You and your spouse get divorced.\u00a0 You remarry, but die shortly thereafter.\u00a0 Your loved ones discover that amidst all the excitement of your divorce and remarriage, you forgot to update your estate plan.\u00a0 Your will…<\/span><\/p>\n