Powers of attorney
You may have granted your ex the power to act on your behalf financially immediately, upon your proven incapacity or both. Updating this document is one of the first steps you should consider taking after filing. If you don’t, your ex can still conduct financial transactions in your place including withdrawing money from your bank account and withdrawing checks, depending on the powers that they were given.
Will or trust
Your spouse will still remain a beneficiary of your estate if you don’t keep your will or trust up-to-date. Some people believe that this will not be the case since they are legally divorced, but this is a myth. They may also still retain the powers of an executor or guardian to your minor children without updates.
Don’t put off these important updates. The future is unpredictable, but you can still plan for any outcome.
