The divorce process can be long and tedious. If you are going through a contested divorce, the situation’s conflict, anger, and emotions will likely have residual effects for years.
However, when the divorce is final, it means you can finally move on and start a new chapter in your life. While this is true, there are still a few things you need to do and consider to protect yourself and your future.
Review the divorce judgment
In a divorce, there are certain things both parties must comply with. This may include child support or alimony payments, certain parenting requirements and several other things. It’s important to review the document and know your responsibilities. This will help ensure you comply with the terms of your divorce.
Open accounts in your name
There’s a good chance you closed all your joint accounts when the divorce started. Now is a good time to open bank accounts and credit cards in your name only. If you have retained the home in the divorce, you should also make sure everything is in your name only, including the mortgage, utilities and other bills.
Update your estate plan
If you have an estate plan, it’s important to update it after your divorce. In most cases, you need to remove your ex-spouse’s name from any documents, including your will, trusts and powers of attorney.
Handling the aftermath of your divorce
After a divorce, you are likely focused on living and moving on. While this is an important part of the process, you also need to ensure that you are taking steps to set yourself up for a secure and happy future. The tips above will help you do that.
