The Law Offices of James A. Cuddy, LLC

How divorcees can protect themselves after divorce

Newly minted divorcees likely want to just decompress. After all, a divorce is an emotionally traumatizing event, and there is likely some a period where a person may feel depressed. They may not want to do much besides go to work and watch sad movies. Conversely, some divorcees are estatic about beginning a new chapter in their lives. They may plan a cruise, go on a cross country adventure, or quickly post a profile on Match.com. Whatever your feelings may be, there are a number of things that you should not ignore that could affect you going forward. 

Change your estate planning materials – Chances are that your will previously named your ex-spouse as your executor, and your insurance policies probably did the same. Now that you are no longer married to him or her, it is critical to change these materials so that they do not profit from your demise. Despite your new legal status, the terms of an insurance contract or a will may be honored.

Monitor your credit report – As part of your settlement, you may have agreed to pay off joint credit cards or even pay them off before closing them. With that said, it is critical to monitor credit accounts to ensure they are closed or paid off accordingly.

Follow the terms of your order – While this may seem obvious, but not following a divorce decree could lead to a contempt motion. This means that transactions that were promised in an agreement or ordered from the court must be completed. If there are problems following the order, contacting an attorney to learn about options is advisable. 

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