Do you remember with great anticipation getting ready to tie the knot? There were all those tasks that needed to be done, like getting a copy of the marriage certificate, contacting the Social Security Office about changing your name, changing your name with the DMV, opening up joint credit cards, and getting both names on the property deed of your new forever home? Well, after a divorce, you have a similar laundry list of things to do. And perhaps the most important is changing account information.
Close All Accounts, Not Just Credit
Though credit card accounts are most obvious, it is important to cancel all joint accounts, such as checking and savings accounts and insurance policies. Though tempting to merely remove the other person’s name from the account, and carry on solo with the existing account, it is actually better to cancel the joint account and start fresh, for the same reasons as the joint credit card account.
Financial uncoupling can be a complicated process. If you run into issues, contact a local divorce attorney. Divorce can be a difficult process, and sometimes it takes all you have just to cross the finish line. But don’t leave yourself exposed just because you want to be done with the whole ordeal. A legal adviser can help prioritize, and even manage, these tasks. If you feel you need help, contact a local divorce attorney today. Your future self will thank you for it!
Related Resources:
- Find a Divorce Attorney Near You (FindLaw’s Lawyer Directory)
- Do You Need to Pay an Ex-Spouse’s Debt? (FindLaw Law and Daily Life)
- Top 7 Questions to Determine How Divorce Will Affect Your Finances (FindLaw Law and Daily Life)
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