Actions To Take After Your Georgia Divorce
After final divorce papers have been handed over, newly divorced couples often fail to update important documents affected by the divorce. Our lawyers will inform you of the steps you should take, and things you should do, after your divorce is finalized, and a proactive approach is the best way to avoid future perils created by the neglected loose ends of a divorce. To avoid these issues several main documents should be updated immediately after a divorce is finalized.
Will and Estate Planning
Because family circumstances may have changed a new will should be written or an existing will should be amended. How property will be distributed and the executor of your estate may need to be changed.
Living Trust
Many living trusts are revocable and capable of being changed. Who will receive property and who will manage the trust should be reviewed.
Life Insurance
If your ex-spouse is listed as the beneficiary of your life insurance policy, a new person may need to be named.
Power of Attorney
In a case of mental or physical disability it is important to update who will manage your business affairs and your health care decisions.
Bank Accounts
Ex-spouses should be removed as an authorized signer on your bank accounts, mutual funds, and money market funds.
Credit Cards
Credit cards held jointly by you and your former spouse should be closed or have your former spouse’s name removed from the account.
The importance of having all relevant businesses and parties informed on your updated marital status is high. All official and business records are subject to change due to a new marital status after your divorce. The list above is for general guidance and is not complete. Please speak with one of our attorneys to assist you with changes to your legal documents.
Please note that the following article was not written by an attorney and should not be construed as legal advice. We strongly recommend you speak with one of our attorneys about your particular legal situation.
