You know what tasks you must accomplish for your divorce, but did you cover all necessary ground? For instance, do you know what items to check off after finalizing your divorce?
The American Bar Association explains how to tie up loose ends after ending your marriage. Take steps to set yourself up for success in your post-divorce life.
Note all follow-up items
While you and your soon-to-be-former spouse work on your divorce judgment, note follow-up tasks you must complete after submitting the judgment to the court. This list may include action items and vital dates and deadlines. Make sure you complete all your judgment obligations.
Keep up with critical deadlines and dates
You may need to wait to complete some divorce tasks until later. Keep close track of deadlines and dates for items such as transferring titles and deeds, refinancing a home loan and dividing financial accounts. If you miss any important dates, you could limit your options for legal recourse. Besides your deadlines and dates, track your current partner’s too, so you know when you may need to follow up or take legal action if your soon-to-be-ex does not meet her or his obligations.
Understand which entities and individuals you must inform about your divorce
Besides consulting a legal professional about your divorce, you may also want to talk about how your divorce changes your estate plan. Specifically, you likely must change your trust and will. Divorce also requires changing your retirement plan and account, insurance coverage, tax documents, Social Security card, driver’s license, financial accounts and employment records.
Leave no task undone before, during or after divorce. A single oversight could spiral into a disaster.
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