It can be difficult, however, having a level head in divorce and divorce preparation and planning for a divorce will likely help you through this difficult time more easily. Now that the holidays are behind us, people previously considering a divorce are usually more inclined to take action to end their marriage in the new year. The reasons can vary. Some people put the idea of divorce on the back burner in an effort to get through the holidays. Others put their plans into action in order to have a fresh start in the new year. Whatever one's reasons, attempting to take action with an exclusively emotional approach can be extremely detrimental to one's situation and overall divorce preparation and planning.
Under Arizona law, if you or your spouse dies without a will, then statutory default provisions kick in governing how the estate should be distributed.
Life insurance, bank accounts, savings bonds, and stocks are just some the financial instruments that may require beneficiary designations. After a divorce or other life changing event, like a marriage, birth of a child, or adoption, these designations may need correcting. Much of the careful work of future planning can be undone by a few inadvertent designations.