From the course: Personal Finance Tips Weekly

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Financial checklist: Newly single

Financial checklist: Newly single

From the course: Personal Finance Tips Weekly

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Financial checklist: Newly single

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- It's a challenging time in your life when you find yourself newly single, by choice or circumstance. And money may be the last thing on your mind. But there's a few things you need to do to protect yourself. If your financial life is complex, it may be worth investing in a financial advisor that specializes in newly single people. In the U.S., certified divorce financial advisors can help. Look for flat fee advisors and be clear about where you need help and where you don't. If you're going to be navigating these waters alone, here's what to look for. First, get a credit report. The best way to know for sure what accounts and debts are owned by you, your ex, or shared, is to get credit reports for the both of you. Do you have joint bank accounts? Shut them down. You both need completely separate accounts in your own names. Debts. Now, this can get complicated. Even if you do not share your partner's debts, creditors can still come after you indirectly for your partner's debts by…

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