After going through a divorce, many became so consumed about the divorce itself that it’s hard to know where to turn next. For many, it’s hard to finally accept that the divorce itself is done and now it’s time to move on and put the divorce behind them.
This list certainly is not all-inclusive, but here are some things an individual should think about doing after the divorce itself is done from a financial and emotional standpoint:
1.) Go back and look at your wills and estate planning documents. For many individuals, they may have set up a will, trust or other estate planning documents when they were married. Now that the divorce is over, it is likely time to re-look at those documents and have them amended.
2.) In terms of bank accounts, life insurance and other assets, many of those accounts are likely setup as payable on death or transfer upon death to the ex-spouse. It is likely time to amend those designations accordingly.
3) If you have kids from the marriage, now is the time to take some time away with the kids during your custody time and enjoy life. It’s likely time to try to re-establish some sense of normalcy after the divorce for you and the children.
4.) You might want to talk to a therapist or counselor about the experience. For many, there were likely unexpected things that happened, or unexpected emotions that came to the surface, that likely need to be talked through.
5.) It might be that you were granted a vehicle, boat or house as part of the divorce. Do the titles need to be updated? With a house, a quit claim deed is often needed. With vehicles or boats, you may need to go to the proper state office and ensure the titles are updated. Often, you may need a gift affidavit from your ex-spouse.
6.) If there are retirement accounts that needed to be divided, like 401ks or pension plans, they usually require a Qualified Domestic Relations Order to be submitted to effectuate any division designated in the divorce decree. For most individuals, it’s critical that they ensure that this take place properly.
This list certainly is not all-inclusive. But these are some items to think about after completing a divorce.
If you have gone through a divorce and need assistance with some post-divorce matters, it is always important to have an attorney. Many of these matters really require the assistance of an attorney.