Going through a divorce is tough—emotionally, financially, and legally. While you’re dealing with all the chaos of dividing assets and figuring out what’s next, one important thing that tends to get forgotten is updating your will.
A will is a powerful legal document that reflects your wishes and protects your loved ones. But if left unchanged after a divorce, it may no longer represent your intentions—potentially exposing your estate to legal complications or unintended outcomes.
Aleena Mills, a family law expert at MBA Lawyers, stresses the importance of revisiting your legal and financial planning during and after separation. People often don’t realise that the property pool remains relevant even after separation and that the other party may still have a claim depending on the circumstances. Without a final settlement or legal resolution, post-separation decisions could impact how assets are divided.
Why You Need to Update Your Will
When you divorce, your legal and financial circumstances change significantly. Keeping your ex-spouse as a beneficiary or executor in your will could result in them inheriting assets or overseeing your estate—something you may no longer want. Worse, it may leave your estate open to disputes or legal challenges.
Mills points out that being transparent about the value of assets and the extent of your estate is essential when creating or updating any legal documents, including wills and financial agreements. Transparency reduces the likelihood of legal challenges and ensures fairness for all parties involved.
Key Areas to Review
After a divorce, it’s critical to update the following aspects of your will and estate plan:
- Beneficiaries: Reassign any assets designated to your former spouse.
- Executor: Appoint someone you currently trust to carry out your wishes.
- Guardianship: Confirm that your nominated guardians for children are up to date.
- Power of Attorney: Ensure this and your health directives align with your current situation.
Working with experienced legal professionals can ensure these changes are made accurately and in accordance with state laws.
Seek Professional Advice Early
According to Mills, when people separate, they should seek legal advice as soon as possible to understand their options—especially before making any major financial moves. Whether you’re preparing a financial agreement or updating your estate documents, legal guidance helps prevent costly mistakes.
This step is particularly important when assets are still being divided or when children are involved. Mills notes that many people don’t realise how long property settlement matters can take, and any delay in updating your will leaves you unprotected.
How MBA Lawyers Can Help
At MBA Lawyers, we understand that separation is both an emotional and legal transition. Our team supports clients through every step of the process, from negotiating financial agreements to updating wills and other estate planning documents.
As one of the trusted legal firms on the Gold Coast and with strong ties to the wider network of law firms in Brisbane, MBA Lawyers offers tailored legal solutions backed by years of experience. We work with empathy and precision to help you secure your future and protect your assets.
If you’re navigating life after divorce, don’t let outdated legal documents jeopardise your peace of mind. Contact MBA Lawyers for experienced support and practical legal advice.