Post Divorce Planning

Post Divorce Planning

By: Martin M. Shenkman, CPA, MBA, JD

Post Divorce Planning

A divorce is at many times a very difficult litigation process. Although someone may have gone through the already difficult maritial proceeding, they must also be planning ahead. If not, you can not get a grasp of your time now. Knowing what is now in your estate can help in future proceedings. Here are some tips to help in Post Divorce Planning:

  • Get a handle on your current estate.
  • Make sure you have the proper term insurance. This includes medical and life insurance for your family.
  • Make sure the premiums on the insurance are being paid after the divorce.
  • Make sure who owns the policy on the insurance polices.
  • Look at your beneficiary contract carefully. You may need to change it or make arrangements because of the situation.
  • Make changes in your investment planning in relation to your current state.
  • Make sure you get all the proper financial advisors you need now.

The above is a summary of a TV show episode on Piscataway Community Television Network, in Edison, New Jersey, and his guest Martin M. Shenkman, Esq. an estate planner in Paramus, New Jersey. Listen to the video clip of this segment on for more financial tips.


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