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Removing a beneficiary from your will

On Behalf of | Dec 16, 2019 | Estate Planning |

There are times when difficult decisions may need to be made with respect to a will, from deciding who to name as the executor to figuring out how to distribute your assets among loved ones. Moreover, this can be a highly emotional time and some people simply are unsure of which route is best. Furthermore, there are a number of circumstances, such as the end of a marriage, which can lead to significant changes with respect to a will. For example, you may want to remove certain beneficiaries following your divorce.

First of all, it is important to keep in mind that the laws are different from one state to the next and some people may not be able to remove someone from their will. In the event that someone decides to move forward and take someone out of their will, it is essential to carefully approach the process and make sure that every base is covered. In some instances, removing a beneficiary can lead to a sense of relief knowing that property will be distributed according to one’s wishes.

Aside from removing a beneficiary altogether, it may also be preferable to keep the person listed as a beneficiary but change how the assets of your estate are distributed. As with any estate issue, it is important to have a clear understanding of your options and make sure that you handle things appropriately. Over on the estate planning page of our law office’s blog, you can access more concerning reviewing an estate plan.