Photo of Eric R. Ebbert, CFP®, MBA, CEO Eric R. Ebbert, CFP®, MBA, CEO Apr 27, 2021

If you have recently gone through a divorce or are expecting to go through one soon, you know how challenging it can be. Besides the difficulty of navigating a new life without your spouse, you also have to manage your own finances, which can be a big challenge itself during normal periods of life, let alone during a divorce.

We cannot make your financial worries disappear instantly, but we can help you sort your finances after a divorce with these four tips below.

1. Understand your responsibilities

During your marriage, you and your spouse may have accumulated debts and other financial responsibilities that will have to be split between the two of you during a divorce. After your divorce, make sure you understand exactly what it is you and your spouse are responsible for, so you can both honor your responsibilities without causing each other to lose credit score points.

2. Open accounts in your name

Even if your divorce was amicable and you do not expect your former spouse to access your accounts, it is still a good idea to do this anyway. Not only does it provide you with security and independence, but having your own accounts also helps you as you build your own credit score.

Accounts you may want to open in your name might include:

  • Checking account
  • Savings account
  • Investing accounts
  • Credit card
  • Retirement account

3. Protect your existing accounts and information

Again, even if the divorce was amicable, you need to make sure your information is private and secure. Go through all the existing accounts that you are responsible for, and update your passwords and information.


A CERTIFIED FINANCIAL PLANNER™ (CFP®) professional can work with you to understand your financial circumstances and goals to help you build a personalized financial plan. They can help you before, during, and after a divorce to assist you in reaching your financial goals and maintaining your independence.

Talk to a ProVise CFP® professional about sorting your finances after a divorce

At ProVise Management Group, our CERTIFIED FINANCIAL PLANNER™ professionals can get to know you and your current financial circumstances, goals, risk tolerance, and personal values to help you develop a plan that works for you. We can also create a written plan for you at a fiduciary standard of care. All our written plans come with an unconditional money-back guarantee. If you are unhappy with your written plan, you can return it to us, and we will refund 100% of the fee paid.

Are you a woman figuring out how to sort your finances after a divorce? You can also join us for one of our Savvy events hosted by Susan Washburn, CFP®, JD, Senior Financial Planner. These are free events designed to build a community of strong women who want to learn more about managing their money. 

Are you ready to talk to a professional about sorting your finances after a divorce? Contact ProVise today to schedule a complimentary consultation.