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A Primer for Your Newly Divorced Clients

By Jennifer E. Presti and Michael H. Karu

After all of the negotiations, arguments, threats and exasperation that come with a divorce, once it is finalized, many recently divorced spouses are then faced with things they haven't had to deal with for years or even decades. We are not talking about rejoining the dating pool, but dealing with one's own financial affairs. Re-establishing personal credit, paying bills, dealing with investments and getting ready for taxes can prove frustrating. This frustration will be felt by both parties, maybe not equally, but both will feel it and, inevitably, each will have to fill in where the other has left off. As professionals in the family law arena, it is incumbent upon us to properly advise our clients, not only helping guide them through the divorce process, but preparing them for their new life after their divorce. Various financial issues will have to be faced by each person ' and, likewise, the professionals on their team. Some will have been handled during the proceedings, such as opening a checking account, getting a new credit card and paying bills.

From experience, we have learned that what one party considers the simplest task may feel like an insurmountable problem to the other. We have broken down the issues into seven areas, adding a reminder regarding cohabitation. This format might be used a basis for you to create your own client post-divorce primer.

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