Divorce and finances
Financial mistakes to avoid when getting divorced
Divorce can be difficult, and the financial ramifications can have lasting impact. It’s important to be aware of common financial mistakes.
Important considerations that can help reduce your divorce costs
Divorce can have a great impact on your finances. Be sure you take into consideration the many factors that contribute to the cost of a divorce.
Life insurance after divorce
After divorce, you may need to update your life insurance policy or even buy a new one to insure income protection for child support or alimony.
Life insurance considerations for the newly divorced
For the newly divorced, life insurance needs can change or may need to be in place to address a new need. Depending on your divorce decree, you or your ex may be required to carry a policy.
Preparing for divorce checklist
One factor that may get overlooked is the financial impact. Between legal fees and changes to the housing budget, getting your finances organized is an important first step.
Spousal support and alimony options
Divorce can bring about personal, emotional and financial changes. Based on circumstances, there are different financial obligations to be met. Be sure you have access to the information you need on spousal support and alimony to make informed decisions.
Steps to assist in managing finances after your divorce
Learning how to manage money after a divorce can be challenging. Follow some important steps to create a budget for yourself and secure your financial plan for the future.