Updating Assets During Divorce: Divorce Your Spouse And Not Your Beneficiaries' Sanity
If you're in the midst of divorce proceedings and are dividing up everything you and your spouse own -- including investments and other accounts -- update your list of assets immediately. This is especially urgent if you are moving money into a new bank. Should something happen to you before you update your information, your beneficiaries might not be able to find your assets. This would be a frustrating endeavor that your beneficiaries wouldn't need on top of their grief.