Divorce Real Estate and Mortgage Journal August 2024

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Seek Professional Advice

Hire a Divorce Attorney: Find an experienced attorney to handle your case.

Consult a Certified Divorce Lending Professional (CDLP®): Get expert advice on mortgage options,

refinancing, and financial planning.

Engage a Financial Advisor: Plan for your financial future, including investments, retirement, and

tax strategies.

Manage Child Custody and Visitation

Understand Your Rights: Learn about child custody laws and how they apply to your situation.

Create a Parenting Plan: Outline visitation schedules, holidays, and decision-making responsibilities.

Maintain Communication: Keep open lines of communication with your ex-partner regarding your

children’s needs and schedules.

Address Housing and Living Arrangements

Decide on the Family Home: Determine whether to keep, sell, or refinance the marital home.

Find New Housing: Secure a stable and affordable place to live post-divorce.

Plan for Moving Expenses: Budget costs associated with moving and setting up a new household.

Protect Your Credit and Financial Health

Separate Joint Accounts: Close or remove your name from joint bank accounts and credit cards.

Monitor Your Credit Report: Check for any changes or unauthorized activities.

Create a Debt Repayment Plan: Prioritize paying off debts and understand the impact on your credit

score.

Legal and Tax Considerations

Review Legal Documents: Ensure all divorce agreements, property settlements, and custody

arrangements are in writing.

Understand Tax Implications: Learn how divorce will affect your tax situation, including filing

status and deductions.

Update Your Will and Beneficiaries: Reflect on any changes in marital status and financial situation.

COMPREHENSIVE DIVORCE CHECKLIST

FOR MEN

09 DIVORCE REAL ESTATE & MORTGAGE JOURNAL

Checklist for Navigating the Complex Journey of Divorce:

Challenges and Financial Struggles for Men

Understand Your Financial Situation

Gather Financial Documents: Collect bank statements, tax

returns, pay stubs, and investment account statements.

List Assets and Debts: Include joint and individual

accounts, property, loans, and credit card debts.

Create a Budget: Understand current expenses and

anticipate future costs.

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