Designate who will make health care and financial decisions for you should you not be able to do so for yourself


Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


Illness and injury often result in a period of time when people are not able to make financial and medical decisions for themselves. Appointing someone to make these decisions in advance is an important part of life planning.

When married, your spouse is the logical person to ask to make these decisions. But now that you are divorced you will need to look to others for this assistance.

The following resources may assist you in designating who will make health care and financial decisions for you should you not be able to do so for yourself:

Understanding Advance Directives

Health Care Surrogate and Living Will

Powers of Attorney

Durable Financial Powers of Attorney

Divorce and Social Security Benefits

Living Wills and Medical Powers of Attorney


Divorce Tasks

1. Dividing assets and debts
2. Revising your spending plan
3. Managing your health care plan
4. Managing continuing financial arrangements with an ex-spouse
5. Protecting your loved ones financially if you were to die

Protecting your loved ones financially if you were to die Subtasks

1. Life insurance after divorce
2. Update beneficiary designations on insurance, retirement plans, and other accounts
3. Write a new will
4. Designate who will make health care and financial decisions for you should you not be able to do so for yourself

CENTRAL OFFICE
8700 W. Bryn Mawr Ave., Suite 700N
Chicago, IL 60631

 

PARENT ORGANIZATION
NAPFA.org