Examiner.com: One of the biggest mistakes Nicole Middendorf, CDFA sees people make is spending a lot of money getting divorced and then once the divorce is over, they don’t change their beneficiaries on their 401k, IRA’s, or even their will/trust.
Once your will is written, you can not just ignore it. It is extremely important to keep your will updated with your estate planning attorney. Life and circumstances change over time, and your will should reflect those changes. In order to make sure your will reflects your wishes, Nicole has recommended that your will be updated whenever one of the following occurs:
- A divorce
- A death
- A birth of a child
- A marriage
- If you change your mind on your beneficiaries