Ed Shaw Law - No Nonsense Legal Advice
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Coronavirus Impact and Assurance: Yes! We are still open for business!

As you are all aware, we are currently facing unique challenges due to the Coronavirus. While this is a serious crisis, it is important to keep it in perspective, and not allow it to prevent us from going about our business. We want to assure all of our clients that this office is prepared to serve your needs, regardless of what happens and how the virus affects Minnesota. In an effort to keep the office safe, we have stepped up prevention and sanitation measures in hopes to prevent disease transmission.

Because we are a paperless office, our entire staff is prepared to work from home if necessary. No matter what happens, we will continue to provide our clients with the highest quality legal services.  So far, not one client or staff member has become infected based on contact at this office and we will continue with safety protocols in an attempt to keep it that way. My office will continue to put the safety of our staff and you as our top priority. We do greatly appreciate your cooperation in conducting business in a safe fashion by utilizing current technology. Regardless of what happens, we will continue to take care of all of your legal needs.

Please rest assured, we will continue to take care of your legal needs in this challenging time, and your safety is our highest priority.

Please see our blog for more info on pandemic response.

Do I update my estate plan during a divorce?

| Aug 26, 2020 | Estate Planning

If you and your spouse documented your long-term estate planning needs, you should feel good about having those things in order. When you and your spouse get a divorce, however, those plans may need a refresh.

Understanding what you may or may not update after you first separate or what you may need to update only after your divorce completes is important at this time.

Controlling your finances and health care

Most people name their spouse as the first person to take over control of their financial and health matters should an event occur rendering them unable to do so, such as after an unexpected accident. As explained by Forbes, leaving these rights with an estranged or former spouse may not be what you really want. For this reason, many separated or divorcing spouses opt to update or create their durable power of attorney and medical power of attorney even before their divorce has been finalized.

Asset distribution and beneficiary designations

During your divorce, you and your spouse must work through negotiations to agree on how you will split your marital assets. This means you will not know what assets you have left to address in an estate plan until your divorce completes. Decisions about these parts of your estate plan may then be one of the things you prioritize after you receive your final divorce decree.

More information about the various aspects of your long-term plans and the types of tools you may utilize may be available on the asset and life management page of our Minnesota estate planning website.