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This week Blair is covering a pretty somber topic. Afterall, we hope you won’t ever have to use it, but divorce is a reality for many folks. After last weeks episode, which came from our Standard of Care, we were asked to share more of our financial checklists. This week’s information comes directly from our Divorce Checklist, which you can download right here.
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Try to put aside some negative feelings [1:27]
Close your joint credit [2:32]
- Credit cards specifically
Open your own bank accounts [3:07]
Update and change beneficiaries on bank and investment accounts [3:30]
- Revisit your will and power of attorneys as well [5:21]
Be cognizant of which assets you are receiving [6:12]
- Which assets do you want to own?
Update your personal financial goals [9:53]
Update your budget [10:39]
Do you need to downsize your home? [11:07]
Again, this Divorce Checklist comes from our standard of care. We have a plethora of lists for “this just happened in my life, what do I do?” If you have questions about a life transition/event, reach out and we would be happy to get a checklist sent to you.
Thanks for listening – we hope you enjoyed!
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
No strategy assures success or protects against loss.
This information is not intended to be a substitute for individualized tax or legal advice. We suggest that you discuss your specific situation with your tax or legal advisor.
Susie Germany and the Germany Law Firm are not affiliated with LPL Financial and Denver Wealth Management. You are under no obligation to use the services of Susie Germany and may choose any qualified professional to provide legal services.