Post-Divorce Financial Steps
- Transfer property titles per settlement
- Obtain insurance coverage such as health, life and long-term care
- Update beneficiary information on investment/retirement accounts
- Revise will
- Establish trusts, estate plan and college plans if appropriate
- Establish a budget and stick to it
- Eliminate debt
- Build savings (at least the equivalent of six months of expenses)
- Set financial goals and enlist the help of a financial advisor to attain these goals