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Financial Tips for the recently Divorced

February 07, 2022
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Post-Divorce Financial Checklist

 

Divorce is never easy. Here are a few tips to come out with your best foot forward.

  • Ensure that all accounts held “Jointly” are cancelled/closed/suspended
  • Update beneficiaries on retirement/ investment/ and insurance accounts
  • Re-calculate insurance needs and adjust policies
  • Consult attorney for changes required on Will, Power of Attorney, and Health Care proxy
  • Create new financial plan with updated budget and projections

A financial planner should be to assist in each of these topics and more.  Creating a checklist and going through each item will help organize your new situation and plan for your future. 

"´╗┐Do not be afraid to start over. This time, you are not starting from scratch. You are starting from experience" - @1996Biggs https://twitter.com/1996biggs/status/1124777559281913856?lang=en