Tuesday, July 29, 2014

22 Tips to Transform Your Financial Life After a Divorce

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As a divorce financial adviser, I'm often brought in to work with clients who are still going through a split, but I'm just as often brought in afterward. Newly single clients are typically concerned about their finances and want to make sure they have enough for their immediate needs, and that they'll have enough when they retire. Even my very wealthy clients -– those with millions of dollars after a divorce –- have the same nagging questions and fears keeping them up at night. To help them, I've developed this divorce financial checklist. Considering that many divorce proceedings last a year or longer, once the marital settlement agreement is reached, you may want to take a long break from paperwork, lawyers or even thinking about your finances. That's a normal reaction. But resist it: There are some things you need to examine soon to make sure you're protected and on the right track financially. So go through this checklist to be sure nothing has slipped through the cracks. Once you're done, you'll have financial peace of mind -- and you'll be able to sleep like a baby.

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