Post-Divorce Mini Financial Checklist

So you got divorced. You have your property settlement agreement. You got your stuff. You are ready to start a new life. Unfortunately, before you can truly start a new beginning, first you still have to take care of a few pesky issues that can haunt you for years if neglected.

  • If you decided to change your name, make sure you update your social security card and your driver’s license.
  • Update or change all authorizations on your open credit accounts. You probably don’t want your ex charging your MasterCard.
  • Re-register your assets and property in your name alone.
  • Close joint bank accounts.
  • Either pay off all joint debt, or make appropriate arrangements.  
  • Obtain and review your credit report.
  • Review and update your health insurance. Again, if not required to do so, do you want to pay for your ex?
  • Adjust your tax withholding on form W-4 to reflect your new marital status (or notify your human resources department).
  • Review your estate plan. If your ex is named as your executor, maybe it’s time to get a new will.

About teperlaw

I am an attorney practicing family law, immigration and wills and estate planning. You can find out more about me and my firm by visiting my website at: www.teperlaw.com 106 W. Franklin Ave. Pennington, NJ 08534 (609) 737-3030
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