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TaxesĪnother item to take care of post-divorce is changes to tax withholdings and allowances. Take time to talk through the future and career goals with a chosen divorce lawyer before making any drastic decisions regarding co-parenting plans to ensure all personal goals are achievable. There will be certain limitations and allowances agreed upon during negotiations with the courts which can leave fewer options for moving out of state or making other significant life changes.ĭetermining the logistics for living spaces, school, childcare, and more will be priorities on your post-divorce checklist. Typically, the courts strive to ensure that families stay connected and as close together as possible. An attorney can provide resources and recommendations to relieve the stress of separating from a spouse when a child (or children) is involved in the situation.
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Perhaps the most crucial consideration during a marriage dissolution is a co-parenting or parallel parenting plan based on court requirements and final settlement agreements. Separating insurance from a spouse will enable beneficiaries to receive protection in emergencies, even after divorce proceedings end. Updating auto, home and life insurance policies is also an essential part of the post-divorce process. Notifying an employer about change in marital status, primarily if the employer provides health insurance to an ex-spouse. Next up on the post-divorce checklist is evaluating any outstanding insurance problems. Change all account passwords and automatic payment deposits.Pay any outstanding bills or debts before the dissolution of marriage.Transfer or distribute IRA funds to the receiving spouse.Develop a new estate plan including wills, trusts and power of attorney.Update names of beneficiaries on insurance policies or retirement accounts.Close joint accounts and open new personal checking and savings accounts.After a divorce, attorneys and financial advisors can assist in completing this section of the post-divorce checklist, crossing off each of the following items one by one: Financesįirst and foremost, it’s important to have finances in check after finalizing a divorce for several significant reasons. This post-divorce checklist may be a helpful guide to you. Working closely with a qualified divorce attorney can help cross off important items or tasks. As you move forward after divorce, there are often concluding details to review.