Securing Your Future: Estate Planning During Divorce with Caroline Bundy
When you go through a divorce, a lot of times you're kind of stuck in the story of it all, of the loss of that relationship. But if divorce is that, we're not discounting that, but it is also you taking the reins of your financial future.
Divorce is a whirlwind of emotions and decisions, but one critical step that often gets overlooked is estate planning. In this episode of 'Starting Over Stronger', attorney Caroline Bundy dives into why estate planning should be on your radar during a divorce. It’s not just for the wealthy; estate planning is essential for everyone, ensuring your wishes are respected and your assets are handled according to your desires.
Caroline breaks down the basics—wills, power of attorney, healthcare directives—and explains why these documents are crucial, especially when you're navigating a divorce. She shares real-life stories where lack of planning led to complications, highlighting the emotional and financial toll it can take. Whether you have kids and need to nominate guardians or just want to ensure your assets are protected, Caroline’s insights are invaluable.
She also touches on the importance of choosing the right person for durable power of attorney—someone who can make sound decisions in line with your wishes. Plus, you'll learn about revocable trusts and how they can offer an extra layer of protection for your assets. Don't miss this episode if you’re looking to secure your future and make informed decisions during your divorce journey.