Some past posts of ours have discussed the importance of revising estate plans after a divorce or a new marriage. It makes sense to change the beneficiaries of a will, especially if a primary beneficiary was an ex-spouse. It also helps newly married parents plan for how to support blended families after they are gone.
After a person dies, decisions must be made regarding the person's assets. "Probate" is the name for the legal process for determining the fate of much of a deceased person's assets. Probate happens regardless of whether the decedent had a will or not. If a decedent dies without a valid will, the assets are distributed according to Pennsylvania's rules of intestate succession.
It is impossible to predict the future, but a strong estate plan can help you lay the foundation for a strong future for yourself and your family. There is no one-size-fits-all solution to estate planning, and any effective plan should be tailored to your individual needs and objectives.