Newark Family And Estate Law Blog

Is it advantageous to file for divorce before your spouse?

If you and your spouse have separated or agreed to a divorce, one of the two of you will have to bite the bullet and file for divorce sooner or later.

Doing so may be no simple task, you’ll need to make some difficult decisions and gather a lot of documentation. Is going through these steps worth the hassle? Are you better off getting your spouse to file or are is there a payoff for initiating a divorce first?

What you give up when you don’t have a will

What do Prince, John Denver, Tupac Shakur and Amy Winehouse have in common? They all died without a will. As a recent CNBC article noted, the years have seen many famous musicians with large estates die without a will or similar estate planning device in place. Reports are that Aretha Franklin now also makes this list.

Now, famous musicians are far from the only ones who sometimes neglect to have an estate plan. There are Americans from all different backgrounds and fields who put off forming a will or trust. And a person doesn’t have to be rich for there to be big risks in such delays. Putting off estate planning puts a person in danger of one day adding their name to the list of individuals who have died without a will or trust.

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