After your final GA divorce papers have been handed over, newly divorced couples often fail to update important documents affected by the divorce. Our Atlanta divorce lawyers will inform you of 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.
Georgia Will and Estate Planning After A Divorce
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. Click here for more information on estate planning and GA divorces.
Georgia 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.
Georgia 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 in Georgia. The list above is for general guidance and is not complete. Please speak with one of expert 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 Atlanta family law attorneys about your particular legal situation.
Tags: Georgia divorce bank accounts, post GA divorce actions, power of attorney GA divorce, re-wire will GA divorce
Yes really this things should be put in the checklist after divorce.Because once the divorce is final.People tend get relieved.After all no more papers to file or documents to complete. Well like you said, not quite. Even after the judgment is entered, there are important steps that needs to be taken to make sure everything really comes to effect .This is quite the same advise any attorney will give.
Thanks for this great tips . I will put it in mind and inform my lawyer about this. I really would have forgotten to do all this things after my divorce. This really helped.
My sister’s Ex emptied her account after the divorce when he found out that she forgot to remove him as an authorized signer on her accounts.Believe me he left her bankrupt .Nobody should dare make the mistake as she is still struggling with it till now.This is really good and should serve as a warning to those in divorce process.
Very informative.And let me add once your legal divorce is over. Now the wrap-up of your financial and emotional divorce begins. Keep meticulous records of your financial separation. Plan for your future. If you have residual feelings of anger or bitterness, get counseling to work through your feelings.Live a happy, fruitful and prosperous life after your divorce. It’s the best revenge you can have against your ex-spouse.
Most people don’t understand that divorce follows a long trajectory. What you feel today is probably not going to be relevant to your life three, five, or ten years from now. The quick fix that you want to put into place tomorrow won’t be of much use down the post-divorce road.I advise that you make sure every thing is intact after the divorce.
Thanks for this. Your site has been informative and quite enlightening.
I wonder what might happen if this things are forgotten after divorce . It could be disastrous especially when you have a very untrustworthy Ex.
The most important thing is making sure you get a good lawyer to pull it through the divorce otherwise, one might even forget after the ups ad downs of the divorce.
I have seen people’s life go down the drain because of few mistakes after divorce. This things are very essential and vital. I recommend even looking into this right in the middle of the divorce.
Yes, divorce can be tiring and you tend to forget somethings. But truly forgetting this major things after divorce is like falling off a roller coaster. I have been there and it isn’t good at all.