Why update now
Florida law helps — but it doesn’t finish the job
After a Florida divorce, provisions in favor of a former spouse in a will or revocable trust are generally treated as void, and Florida law also revokes many beneficiary designations naming a former spouse. But these rules don’t name who takes their place, and some accounts — such as many employer retirement plans and life insurance policies governed by federal law — may not follow them.
- Update your will or trust and name new fiduciaries
- Change beneficiaries on life insurance, retirement, and investment accounts
- Replace your power of attorney and health care surrogate
- Plan for how minor children would receive what you leave them
- Review how your home and other property are titled
A common gap
Minor children cannot inherit property outright. Without planning, a court-supervised guardianship of the property may be needed — and your former spouse may be the one who manages it. A trust for your children can prevent that.