Post-Divorce To-Do List
Once the divorce is finalized, take the following steps:
- Update legal ownership of assets.
- Prepare a Personal Financial Plan.
- Establish bank accounts and credit in your name, if not already done.
- Change property titles such as real estate and rental properties.
- Update vehicle registrations and titles.
- Review insurance policies, changing beneficiaries and securing health coverage if needed.
- Update titles on financial accounts like brokerage accounts, CDs, and annuities.
- Change beneficiaries on retirement accounts, IRAs, and insurance policies.
- Update your address with relevant parties like social security, creditors, and utility companies.
- Review and revise your will.
- Update legal documents like General Durable Power of Attorney and Health Care Power of Attorney. Review and update terms and beneficiaries of trusts.