How to Avoid 3 Common Mistakes After Divorce

After the legal mechanics of divorce are done, three mistakes turn up over and over again.

Forgetting to update beneficiary designations. RRSPs, TFSAs, life insurance, pensions. Update them all.

Dragging out joint accounts. Close, separate, or transfer them. Joint accounts past the divorce date create avoidable risk.

Skipping the financial reset. Build a new budget on your new reality. The longer you defer that, the harder the eventual reckoning.