How Divorce Affects Your Will
Automatic Revocation
When your divorce becomes final:
What Doesn't Change
Your will as a whole is NOT automatically cancelled. Other beneficiaries remain.
Why You Should Still Update
Redistribution Issues
If you left "everything to my spouse", where does it go now? The rules for intestacy (no valid will) may apply to that portion.
New Wishes
Your circumstances have changed:
Children's Interests
Consider:
What to Include in Your New Will
Executor
Choose someone you trust. Not your ex.
Beneficiaries
Who do you want to inherit?
Guardians
If you have minor children, nominate guardians.
Specific Gifts
Particular items to particular people.
Residuary Estate
What happens to everything not specifically mentioned.
Estate Planning After Divorce
Superannuation
Super is separate from your will. Check and update:
Life Insurance
Check beneficiaries on all policies.
Joint Assets
Update ownership of jointly held assets if needed.
Power of Attorney
If your ex was your attorney, update this immediately.
When to Act
Immediately After Separation
Even before divorce is final, consider:
After Divorce
Priority: Update your will, super nominations, and powers of attorney.
Getting Help
Consider seeing:
