If you're working to get your divorce finalized before the beginning of next year when the new tax changes take effect, you're probably consumed with that process. However, don't forget that as a divorced person, you'll likely need to make some significant changes to your estate plan -- if you have one.
If you don't, it will be more crucial than ever to establish one. A Gallup poll in 2016 found that more than half of Americans have no estate plan -- not even a will. Without one, your estate will need to go through California probate court. This will be a time-consuming, costly, stressful process for your loved ones at what will already be a difficult time for them. Further, your assets will be distributed to your family based on state laws in a manner that may or may not be what you would prefer.