Here at the start of 2024, those who have divorced in the past year may be feeling challenged by the reality of their newfound situations.
Divorce itself is stressful and emotionally charged, having an impact on the self-esteem of many, while bringing a sense of freedom and relief for many others.
Once the divorce is finalized, there are a number of steps each party should take in order to make the practical and personal changes necessary to best adjust to their new circumstances.
Among the recommended steps:
- Thoroughly review and make necessary changes to all your estate planning documents, such as re-writing your Will, along with reviewing and changing beneficiary designations on all financial accounts & insurance policies.
- Conduct a detailed, realistic review of your new financial situation & adjust expenses accordingly. Create a new household budget and an emergency fund.
- Close any remaining joint accounts & open new ones in your own name, update credit and debit card information, change all passwords.
- Check your credit reports and scores with all three major credit bureaus (Experian, Equifax and Transunion) and contact them to address any discrepancies or errors.
- Review all automatic payments and renewals, to make sure you are not paying for things that are no longer your responsibility.
- Even if you have had a high-conflict divorce, resist the temptation to speak negatively about your ex, especially to your children. This same advice applies to what you post on social media.
- Develop a “support squad” of friends, family members and relevant professionals to rely upon when needed.
Estate planning attorneys, accountants and tax experts, financial and investment advisors, therapists, counselors and clergy members can offer valuable advice and play an important role in helping to successfully establish and cultivate your new life.
I offer my clients nearly 24 years of Divorce & Family Law attorney experience, always working as skillfully, efficiently & effectively as possible to protect each client’s interests as they transition into their new lives.
If you are considering divorce, have a child-related or other family law matter, I look forward to working with you soon. You can call my office at 914 821 5200 or complete and submit our online Contact Form.
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