Once you’ve reached the end of the legal process, you may feel you’ve done everything needed to set yourself up for your post-divorce future. But, there are 3 important steps that every divorcee should take. These are;
1. Create a financial plan
Review your finances and consider working with a financial planner to help you feel clear and confident about your finances and to create a financial plan for your future. For more advice on the importance of financial planning post-divorce, see my blog – Why having a financial plan is important post-divorce.
2. Update your will
Now you are divorced you will need to update your will or create a new one. Your ex is no longer your next of kin and you will want to review who you want to leave your estate to. For more information, about the importance of having an up to date will, see my blog – Why is having an up to date will important after divorce?
3. Set up Powers of Attorney
It is a good idea to allocate someone to take responsibility for decisions about your finances and medical treatment should you ever become incapacitated. This is often adult children or another adult relative. The solicitor you use to prepare your will is usually also able to help with this.
If you have found the tips in this blog useful then you’ll find lots more in my eBooks, which you can purchase and download today.
If you’d like to work with me 1:1, for help preparing for your divorce/or support during or after the divorce process, please get in touch to find out how I can help.
Why I became a divorce consultant.