Description
Ensure nothing slips through the cracks for your clients, postdivorce.Recently divorced individuals may not be in the mindset to move on. Once a divorce is final, they may want a break from paperwork, lawyers and other professionals, or even thinking about finances. Although that is a normal reaction, the weeks and months immediately postdivorce are important, and a failure to take certain steps could have significant consequences. Professionals guiding recently divorced individuals must be prepared to ensure nothing slips through the cracks postdivorce, so their clients have financial peace of mind. This topic will also explain concrete steps the recently divorced should take to get on the right track financially to take control and make the most of their finances. This information is critical for attorneys, estate planners, business owners and financial planners.
Date: 2021-02-11 Start Time: End Time:
Learning Objectives
Post-Divorce Financial Checklist
• Review Your Final Judgment/Decree and Agreements for Executory Tasks
• Retitle Assets/Bank and Financial Accounts
• QDROs
Removing Tax Considerations Post-Divorce
• Do I Need a Trust? If so, Why?
• Revocable vs. Irrevocable
Consult a Financial Advisor
• Budgeting
• Tax Issues
• Retirement Planning
• Insurance
• Investments
Name Change
• Passport
• Driver’s License
• Credit Cards
• Loans
• Professional Licenses
• Social Security Administration
Estate Planning
• Simple Will vs. Pour-Over Will
• Trusts
• Durable Power of Attorney
• Designation of Pre-Need Guardian
• Medical Directives
Post-Divorce: Substituting a Trust for Alimony After 2019
• Why Would We Need a Trust and Why Would We Set It Up After the Divorce?
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Christine Lynne Derr-Harris, Hunt & Derr, P.A., Natalie A. Roberts – Johnson Pope Bokor Ruppel & Burns, LLP
