Life Planning Checklist: Divorce

Published: Jan 23, 2020
2
Person signing divorce papers

Introduction

Going thorough a divorce is one of life's most stressful experiences. The last thing you need to worry about is what you're not doing right. We can't take away the pain, but LifePlan is here to help you understand your options so you can make the informed choices for your better future. 

Wherever you are in the divorce process, we've compiled this checklist of considerations to help you level set and make sure you’re on track. It's organized by LifePlan offering, so you’ll know exactly which appointment to schedule for questions you could use some professional help answering.

Talk with a financial advisor aboutPiggy bank, icon

Your options for achieving a financially fair settlement

How a divorce settlement could impact your financial health

The most cost effective way to finance a divorce settlement

Creating pre- and post-divorce budgets

 

Schedule a financial advice session.

Ask an independent attorney* about

Pros and cons of different divorce options and which makes the most sense for your situation
Legal court building, icon

Legal documents you need to have in order

What spousal support you're entitled to and how it will be determined

Child support and custody matters

The laws in your state regarding changing a beneficiary during and after a divorce proceeding

How to have existing prenuptial agreements fulfilled

 

Schedule a legal advice session.

Discuss with a tax professional*Tax paperwork, icon

Changes to your tax filing status and how to claim dependents

Which legal fees are tax deductible and other deductible divorce related expenses

How to handle alimony and child support on your taxes

The tax implications of splitting assets?

What a property sale means for your filing status?

 

Schedule a tax advice session.

Get an insurance professional's* take onAn umbrella, icon

Your former spouse's eligibility for insurance coverage?

Updating policy coverage and beneficiaries

How much life insurance coverage you will need in light of your new status

What happens to life insurance policies when dividing assets

 

Schedule an insurance advice session.

 

Need help?

(888) 556-0888 Mon-Fri 7am-7pm CT

lifeplan@legalzoom.com

Hablamos español

 

*DISCLAIMER: Legal advice is provided by an independent network of attorneys. Tax advice is provided by 1-800Accountant, insurance advice is provided by Mylo, our trusted service partners.