For a parent, legal issues involving the custody of a child can be especially tough and may make a recent divorce even more difficult to work through. Furthermore, there are other ways in which these matters can change a parent’s life. For example, you may need to revisit your trust or will following a recent custody dispute. As with all legal issues involving your finances and children, it is paramount to make sure that the correct approach is taken.
A child custody dispute can bring multiple changes to your life and your estate plan. For example, it may impact the way in which you choose to distribute your property among those you love once you pass away, including your children and their other parent. Moreover, a custody decision can transform your life in many ways and from a financial perspective as well. As a result, you may find that your assets have changed, whether you have acquired new property, decided to sell your home, have experienced significant changes with respect to your financial accounts, or have been impacted in other ways.
Working through the emotions that come with a custody dispute can be tough, and we certainly understand that. However, you should try to adjust your life accordingly and take steps to move forward, such as revising your estate plan if necessary. In doing so, you may find a sense of acceptance and peace, which could help you move ahead.
Over on the estate planning section of our website, we cover other topics on trusts and wills.