Divorce can be one of the most excruciating experiences we have. When we decide to divorce, we immediately face a future very different from the one we had planned, leaving many of us stressed about how we move forward. Add in money concerns, and the transition can become traumatizing.
In my work as a professional fiduciary and financial planner, I have seen the chaos and heartbreak that families can suffer when a loved one dies without an estate plan. Tightly knit families get torn apart by fights over assets. Courts get involved in drawn-out processes that leave heirs exhausted. And estates get reduced by federal and state taxes that could have been minimized.