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Smart Financial Moves After A Divorce

Divorce is one of those life events that may be one of the most difficult transitions any person has to make.  Some of the divorces end up amicably, while others end up with such irreconcilable differences that the two parties never speak again.   While lawyers usually end up in the middle of the finances when a couple gets divorced, here are five things I would recommend you consider reviewing after a divorce. 1. Check Your Credit Report–  When people are married, it isn’t always discussed on who is the owner of a particular credit card or loan obligation.  Reviewing all of your credit cards and loan obligations to make sure you are not joint on any of those items after the divorce, and ensuring your credit report is in good standing is an important step to take. 2. Review Your Beneficiary Designations–  Remember that items such as your 401(k), IRA’s, and insurance policies have a named beneficiary.  Despite what your ...

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