Now that your divorce has been finalized, it is important to stay on top of the documents and revisions you will have to make to begin this new chapter in your life. Continue reading to discover the steps to take after finalizing your divorce. If you require assistance regarding this process, our experienced divorce attorney would be happy to work with you to ensure your fresh start begins without any complications. Reach out to our firm today to schedule an initial consultation. We are here to help.
One of the first steps you might take after your divorce is finalized is to prepare the necessary documents needed to remove your former spouse from the vehicles that you have been awarded. It is also important to ensure your own name is removed from any vehicles awarded to your spouse.
Will & Estate Plan
You will want to prepare a new will and estate plan or update your existing documents during this transition. We suggest gaining the assistance of an estate planning attorney who can walk you through this process with their legal knowledge to ensure everything is covered and acknowledges your wishes.
Remove your ex-spouse from the title of all of your bank accounts. You can do so by contacting the financial institution directly to ensure each account is awarded to the appropriate person. You will also want to double-check that these accounts will only have one person authorized to use them.
Trusts & Life Insurance
Revise all life insurance policies to remove your ex-spouse as a beneficiary. Before you complete this task, it is important to check if you are required to maintain them as a beneficiary individually or for the benefit of a child to secure support.
If you maintain their health insurance policy for your former spouse, remove them from your insurances by notifying your employer or plan provider of your divorce. This is important to do so in a timely manner and should be completed on the day your divorce is finalized.
Request written confirmation that you have been removed from all of your former spouses’ credit cards. Remove your ex-spouse as an authorized user or owner of your credit cards. These two tasks should be done correspondingly. This will avoid your credit from being impacted by your ex-spouse.
Update your retirement plans to ensure your former spouse is not named as the beneficiary.
CONTACT OUR EXPERIENCED NEW YORK FIRM
Barrows Levy PLLC is a highly experienced New York law firm focused on providing quality legal services to clients in New York City and Long Island. If you need a Nassau County lawyer who has significant experience handling family and estate planning matters, we are ready to help. Contact Barrows Levy PLLC to schedule a consultation with one of our experienced attorneys today.