Divorce Financial Planning LLC

Things To Do Before The Divorce Agreement Is Finalized

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Divorce Financial Planning, LLC has a comprehensive checklist of financial and personal changes that should be made before the divorce document is finalized. Here are just six examples:

  1. Verify that all jointly held credit card accounts are closed.
  2. Move personal property out of a joint safe deposit box to your own personal one.
  3. Review/change your beneficiaries for life insurance and investment accounts.
  4. Review/change the name on your power of attorney and health care power of attorney documents.
  5. Update your will.
  6. If a new insurance policy will play a role in the divorce settlement, make sure the spouse being insured has an insurance physical before the settlement is finalized.