DuPage County Estate Planning in Divorce Analysts

Divorce Financial Planners Help with Estate Planning in Cook County and Will County

When you decide to pursue a divorce, you are about to embark on what is likely to be one of the most stressful experiences of your life. In addition to the personal and emotional elements, a divorce also presents a wide range of financial issues that must be addressed. You and your spouse will need to decide how to divide your marital property, determine how much maintenance and/or child support will be paid, and make arrangements for your children.

Perhaps just as importantly, you will need to build a new life for yourself and your children. At The Divorce Financial Group, LLC, our Certified Divorce Financial Analyst (CDFA™) is equipped to help you and your attorney analyze your financial situation and develop strategies to help you move forward.

Will County Estate Planning Considerations

The nature of most divorce proceedings leaves many people focused on the present and short-term future. Your divorce, however, can also have a substantial impact on the rest of your life—and even beyond. If you have any type of estate plan in place prior to your divorce, your plans will need to be re-evaluated and amended to reflect your post-divorce reality. Our team has deep experience in working with our clients and your estate planning attorney on estate planning issues and solutions.

The law in Illinois provides that a divorce will automatically make certain provisions of your estate plan unenforceable if they leave assets or give fiduciary responsibility to your ex-spouse. While that is somewhat helpful, it is not nearly enough. In most cases, removing your spouse from your estate plan is just the first step.

Planning for the Future

At The Divorce Financial Group, LLC, our team has more than 30 years of experience in helping clients analyze their estate planning needs and set attainable goals. We can help you determine whether to change beneficiary and fiduciary designations or to create entirely new documents, including wills and trusts.

It is important to keep in mind that we are not lawyers, and we will not take the place of your attorney. If your divorce attorney does not handle estate planning matters, we will assist you in finding a local estate planning lawyer for help with the legal aspects of amending your plan while we assist with the financial side.

Call 630-741-4493 Today

If you have questions about how your divorce could affect your estate plan, contact our office. Call 630-741-4493 to schedule an appointment with The Divorce Financial Group, LLC today. Located in Warrenville, Illinois, we serve clients in Cook County, DuPage County, Kane County, Kendall County, and Will County.