Exes, Stepchildren and Your Will: A Cautionary Tale

Don’t be like Bob. After his divorce, he failed to update his estate plan, which listed his stepdaughter as a beneficiary.

A man and a woman hold their daughter's hands and stare off into the distance.
(Image credit: Getty Images)

More than half of marriages in the U.S. end in divorce, and for most, it is one of the most horrendous experiences of their lives. So, when the lawyer delivers the final divorce papers, the last thing on the mind of either former spouse is updating their estate plan. However, failure to do so could result in a real “mess.”

What Happens When an Estate Plan Fails to Be Updated

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Jeffrey M. Verdon, Esq.
Lead Asset Protection and Integrated Estate Planning Partner, Falcon Rappaport & Berkman

Jeffrey M. Verdon, Esq. is the lead asset protection and tax partner at the national full-service law firm of Falcon Rappaport & Berkman. With more than 30 years of experience in designing and implementing integrated estate planning and asset protection structures, Mr. Verdon serves affluent families and successful business owners in solving their most complex and vexing estate tax, income tax, and asset protection goals and objectives. Over the past four years, he has contributed 25 articles to the Kiplinger Building Wealth online platform.