Top 5 Financial Tips Immediately Post Divorce

Hi there,

Divorce is an ending, but it is also a new beginning, and with all new journeys it is good to have a road map.  Here are 5 simple things that EVERYONE needs to do post-divorce.

1. Create a master list of tasks and times for actions as set forth in your divorce agreement or divorce judgement.  We do this for our clients as a regular matter, but many lawyers don’t.  It’s important to be mindful of when actions need to be done, as in transferring title, paying your ex, exchanging belongings, deeding property and dividing accounts.  Enter into your calendar when to expect payments or when you need to make payments.  If you can automate paying support by direct deposit or payroll deduction, do so.

2. If you haven’t already, have a lawyer draft a new will, and change your health care proxy and durable power of attorney.  You certainly don’t want to have your ex making life altering health decisions for you.  Also, make sure you have changed the beneficiary information on all of your retirement accounts, life insurance policies and any other asset you may own that has a beneficiary component (for instance, make … Keep reading