Divorce


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


Divorce is one of life’s most difficult transitions; both emotionally and financially. Getting good information, and potentially some professional help, to make sound decisions can avoid having a divorce traumatize your financial life.

A number of tasks can help you go through the transition being married to living on your own. These include:

  1. Dividing assets and debts. “What steps should I take to implement the divorce decree?”
  2. Revising your spending plan. “How will my income and expenses change now that I am divorced?”
  3. Managing your health care plan. “What do I need to do to ensure my health care expenses are covered?”
  4. Managing continuing financial arrangements with an ex-spouse. “How can I ensure that my financial relationship with my ex-spouse is handled appropriately?”
  5. Protecting your loved ones financially if you were to die. “What changes do I need to make to my estate plans after my divorce?”

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

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