A divorce can affect your estate plan
Hardly anyone goes through the process of putting together a comprehensive estate plan with the intentions of getting divorced from their current spouse thereafter. It is, however, a fact of life that becomes reality for a large portion of society. Divorce can affect more than just a person’s emotions and wallet. Here is a brief overview of the effect of divorce on your estate plan. The Will In Kentucky, a divorce or annulled marriage “revokes any disposition or appointment of property made by the will to the former spouse, any provision conferring a general or special power of appointment on the former spouse, and any nomination of the former spouse as executor, trustee, conservator or guardian, unless the will expressly provides otherwise.” KRS 394.092. The statute goes on to provide that property that would have passed to the former spouse by will now passes as if the former spouse predeceased the decedent. Put simply, Kentucky law basically “removes” the former spouse from your will, unless you expressly provide otherwise. Read More
