22 Tips to Transform Your Financial Life After a Divorce

As a divorce financial adviser, I'm often brought in to work with clients who are still going through a split, but I'm just as often brought in afterward. Newly single clients are typically concerned about their finances and want to make sure they have enough for their immediate needs, and that they'll have enough when they retire. Even my very wealthy clients -– those with millions of dollars after a divorce –- have the same nagging questions and fears keeping them up at night.

To help them, I've developed this divorce financial checklist.

Considering that many divorce proceedings last a year or longer, once the marital settlement agreement is reached, you may want to take a long break from paperwork, lawyers or even thinking about your finances. That's a normal reaction. But resist it: There are some things you need to examine soon to make sure you're protected and on the right track financially.

So go through this checklist to be sure nothing has slipped through the cracks. Once you're done, you'll have financial peace of mind -- and you'll be able to sleep like a baby.

Robert Pagliarini is a best-selling author and wealth manager who focuses on sudden wealth recipients. Connect with him on Twitter at @rpagliarini.

Increase your money and finance knowledge from home

How much house can I afford

Home buying 101, evaluating one of your most important financial decisions.

View Course »

Goal Setting

Want to succeed? Then you need goals!

View Course »

Add a Comment

*0 / 3000 Character Maximum


Filter by:
Sujeranovic Ljubomir

AM Names is Cristabel Mark I'm sharing this testimony.i never believed in love spells or magic until i met this spell caster once when i went to USA in march last year on a business summit i meet a man called Dr ODALO, is powerful he could help you cast a spells to bring back my love s gone misbehaving lover looking for some one to love you bring back lost money and magic money spell or spell for a good job i m now happy & a living testimony cos the man i had wanted to marry left me 4 weeks before our wedding and my life was upside down cos our relationship has been on for 5 year i really loved him, but his mother was against me and he had no good paying job so when i met this spell caster, i told him what happened and explained the situation of things to him at first i was undecided,skeptical and doubtful, but i just gave it a try and in 8 days when i returned to taxes my husband (is now my husband ) he called me by himself and came to me apologizing that everything had been settled with his mother and family and when its Saturday,they called me at my place of work that i should resume working on Monday and they gonna compensate me for the time limit have spent at home without working..My life is back into shape,i have my husband back and we are happily married now with kids and i have my job back too.This man is really powerful for any help you want him to do for you. ..if we have up to 20 people like him in the world,the world would have been a better place..he has also helped many of my friends to solve many problems and they are all happy now..Am posting this to the forum for anybody that is interested in meeting the man for help.if you are interested to contact DR ODALO for your solution now EMAIL is ( Thegreatodalotemple@gmail.com,and also contact him at +23408166450419

April 29 2015 at 11:41 PM Report abuse rate up rate down Reply
John Finler

The best advice anyone can give you is to get a good lawyer to prepare yourself for this painful endeavor. The best lawyers that i know of are the ones from rosenbergfirm.com They have a great family law program that specializes in divorce. If you want to come out on top of your divorce, contact them and i am sure you will be just fine.

March 04 2015 at 5:08 PM Report abuse rate up rate down Reply

Or, better yet don't get married in the first place!!

July 29 2014 at 10:05 AM Report abuse -1 rate up rate down Reply

cancel joint accounts, wow, these writers are intelligent, why did I forget to cancel ours . . . . .

July 29 2014 at 2:15 AM Report abuse rate up rate down Reply

Pre nups

July 28 2014 at 11:54 PM Report abuse +1 rate up rate down Reply

If a guy has been married and divorced 2 or more times………some advice…The next time you think about getting married, find a woman that you hate and just buy her a house.

July 28 2014 at 4:44 PM Report abuse +4 rate up rate down Reply

I feel sorry for the men who are going through this.

July 28 2014 at 3:25 PM Report abuse +1 rate up rate down Reply

Oh, here we go --- labeling ALL women as "ruthless witches" conniving to fleece an unwary male for everything he has of any value.

I figured that this article would draw embittered divorced men to comment on it --- and it has.

FYI, guys --- it is more often the WOMAN who has her life destroyed by divorce. The male walks away with his much larger earning potential intact and CAN rebuild his life.

Judges usually favor awarding custody of any minor children to the female. This means the ex-wife will be on the hook for all the expenses of child raising. Even if there was a decree of child support to be paid, many men will fail to pay it. Alimony payment is not common, any more --- except for those splashy celebrity divorce cases you read about on the internet.

Anyone, who has ever experienced a divorce, knows from personal experience that it is truly "crazy time". Divorce can be --- and usually is --- a tragedy for both the husband and wife involved in it. Their family unit is shattered. And, unfortunately, the children they had together are the ones who REALLY end up "paying the bill" for that.

Divorce creates emotional trauma that takes a long, long time to heal. If, indeed, it ever does.

July 28 2014 at 12:42 PM Report abuse -1 rate up rate down Reply
3 replies to Valerie's comment

Even Paul McCartney of the Beetles thought if he married a one legged woman that she would be loyal. She planned from the beginning to get his money so beware !!!!! and maybe you won't have to deal with these steps after the divorce!!

July 28 2014 at 11:55 AM Report abuse -2 rate up rate down Reply
1 reply to SPQR's comment

I think he tried to get custody of her leg !

July 28 2014 at 4:24 PM Report abuse -1 rate up rate down Reply

SOund advice! If you get remarried just leave everything the same and never put your new spouse on anything or any account

July 28 2014 at 9:32 AM Report abuse -1 rate up rate down Reply