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Ten Steps You Can't Ignore After Divorce

Submitted by Jared Hawk on Fri, 04/10/2009 - 05:35

I remember when I got divorced. I was living in Los Angeles, and didn't get any legal advice whatsoever. I was full of contradictory emotions: Anger, Guilt, Hurt- and depending on which I was feeling at the time, I made contradictory decisions. Sometime I thought about protecting myself financially, and other times, I didn't care.

 

MSN Money listed ten things to do after a divorce. These are a great guide... regardless of how you feel, you need to protect yourself financially.

 

"Clear the decks and set sail

Since money is the No. 1 cause of divorce, it's safe to assume that splitting the financial sheets won't be easy. Here are 10 steps to help you cast off, steady your financial ship and set sail for the solo voyage ahead.

 

  • 1. Pull your credit report.

 

  • 2. Open individual bank, credit card and brokerage accounts.

 

  • 3. Close all joint accounts.

 

  • 4. Keep separate property separate.

 

  • 5. Consider selling the house.

 

  • 6. Change those beneficiaries.

 

  • 7. Reclaim your name.

 

  • 8. Check your retirement.

 

  • 9. Guard your health coverage.

 

  • 10. Dust yourself off and start living."

     

 

You can read the entire article here.