Wealth Management | Plancorp

Considerations to Financially Prepare for a Divorce

Written by Sara Gelsheimer | July 15, 2021
It's not a pleasant topic, but when divorcing, you want to be as financially prepared as possible. Join Senior Wealth Manager, Sara Gelsheimer, as she walks through the 3 steps to financially prepare for a divorce.
 
In this video, Sara walks through the financial path for preparing for a divorce:

 

1.  Financial Assets

  • Gather Documents
  • Check Your Personal Credit Score
  • Establish Credit in Your Own Name

2.  Kids & Pets

  • Determine expenses
  • Don't forget the "one-offs"
  • Claiming dependents on taxes

3.  House/Material Possessions

  • Non-Liquid Assets

Additional Divorce Planning Resource: 

For additional consideration, check-out our blog on How to Secure Your Financial Future After a Divorce

Free Resources: 

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If you're not sure where to start, reach out to your Wealth Management team to help you set up new financial goals or to check in on your existing goals. 

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OTHER FREE RESOURCES:

Net Worth WORKSHEET

Goal Planning WORKSHEET

Cash Flow WORKSHEET

Estate Planning MEMO

 

Disclosure:

This material has been prepared for informational purposes only and should not be used as investment, tax, legal or accounting advice. All investing involves risk. Past performance is no guarantee of future results. Diversification does not ensure a profit or guarantee against a loss. You should consult your own tax, legal and accounting advisors.