Newsok.com has posted an article stating the 5 things you need to have in your divorce settlement. This seems like good advice, as following it could save you an awful lot of money further down the line. Most of the advice is US specific, but still worth thinking about if you’re UK based.

For example, would you have considering making provisions for college for your children? The article advises that you work out who will pay for what with regards to your child’s college education sooner rather than later.

Another one that is relevant to the UK is that when your child comes of age to drive, your can insurance company can add a premium to your insurance to cover the fact that your kids might end up driving it. The article suggests agreeing that the non custodial parent agrees to pay some of that extra cost.

It’s all good advice, and there are some obvious things in there you might not have thought of.

Clive Bellmore