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Estate plans and child support

| Jul 9, 2019 | Estate Planning |

There are many different issues to consider for those who are creating an estate plan or making revisions to an existing estate plan. From figuring out which type of trust works best (or deciding to set up a will) to naming an executor or naming beneficiaries, the estate planning process can be quite complex. There are a number of other things that people may need to consider with regard to estate plans, whether they are creating a plan, or they have been named a beneficiary. For example, inheritance can affect one’s child support payments, and those who are required to pay child support may also need to take this into account with respect to their estate plan.

If you are trying to decide how to distribute your assets among those you love, you may want to think about various issues that could affect your loved ones’ inheritance. For example, if one of your beneficiaries is planning to separate from their spouse, you may want to think about how assets they receive through your estate plan could affect their child support payments. Likewise, if you have to pay child support, it is important to prepare for changes with respect to the amount you are required to pay as a result of your inheritance.

There are other estate planning issues that can be affected by a divorce or post-divorce family law matters. For example, some people need to amend their estate plan after a divorce or change the way in which their estate is split up.

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