After you divorce has been finalized, a new chapter of your life also commences.
You have a bright future ahead of you and even blank slate to begin creating
a new foundation. Naturally, you will have questions about where to begin,
as this can be a confusing time. This is also the perfect chance for you
to get all of your finances in order.
The First Steps
Gather all of your financial documents and paperwork—everything from
your bank account statements to your investments and properties owned.
Then, you can sit down with our Collin and Denton County divorce attorneys
at CokerLegal and your financial planner to form a plan to start off on
the right foot.
Here are some of our tips:
Let go of emotional baggage.
You will have a flurry of emotions following divorce: anger, loss, disorder,
and everything in between. Dwelling on negative feelings can only hinder
your growth, rather than helping you move forward. Channel those feelings
into other activities—starting a new project, taking up a workout
regimen, or joining a religious or a hobby group. Keep the emotions separate
from your efforts to advance your career or store away some money.
New chapter, new life, new career opportunities.
This is your chance to begin life anew. There is no telling how many career
opportunities could open up. Whether it is a blossoming and well-paying
career endeavor, or simply returning to school to obtain a few more credentials
or even another degree. Take the time to spruce up your resume and reconnect
with old colleagues. Or, form a network of professionals based on the
type of career you would like to have. The sky is the limit!
Find new ways to save cash.
Divorce is costly, in some cases, you may not have much left once the ink
on your final divorce papers has dried. Look for ways to save here and
there. Remember that every dollar adds up. Perhaps you will have to cut
down on a few luxuries—coffee run and grabs every day to every other
day, for example, or bringing a bagged lunch to work instead of ordering
out. Maybe you need to switch brands of your household items or buy only
enough for what you need. Whatever it takes to help your savings grow,
think about every penny that you could cut.
Start thinking about making a will.
While we do stress protecting your assets for the future, it is always
a good idea to continue protecting those assets for your children and
future generations. Update your documents to reflect the beneficiaries
you want to receive your inheritances. Also, enlist a trusted person to
act as power of attorney in case you become incapacitated, pass away or
are otherwise no longer able to make decisions on your own.
As always, you can rely on our Collin County divorce lawyers to offer counsel
and offer guidance on any legal matter about your particular situation.
Contact us at (888) 570-7899 to discuss your divorce needs.