Just Settled Your Divorce? Know These 4 Things To Do Afterward

Did you recently settle your divorce and are ready to put your marriage behind you? There are still some things that you should do after the divorce is finalized. 

Get Name Change Documents In Order

If you changed your name when you got married, you may be looking to change your name back after the divorce. This can even extend to children that you want to no longer have your former spouse's last name. If so, be prepared to go through a lot of paperwork in order to get this job done. Your driver's license, passport, bank accounts, and things of that nature will all need to be updated when changing your name after the divorce. 

Update Your Beneficiaries

Now is also a good time to update your will and life insurance policies to make sure that your former spouse's name is not included as a beneficiary. Sometimes people forget to update this information, and their former spouse ends up being the recipient of these accounts at a later date. Of course, you cannot do this if there was an agreement during the divorce settlement to keep your former spouse as a beneficiary. This may be necessary due to support obligations that need to be met. 

Refinance Loans If Necessary

If you have loans that are in you and your former spouse's name, know that you cannot simply remove the other person's name from the loan if you get a divorce. The only option will be to refinance the loan so that it is a brand-new loan under your name only. Now is the time to consider refinancing loans so that you can get better terms and remove the other person's name from them completely. This can apply to a house that you are keeping and will be in your name or a vehicle that you are keeping that has not yet been paid off.

Change Passwords

Many people do not think of the information that their former spouse knows about. That is why it is always a good idea to go through your various accounts and change the passwords. You do not want your spouse to still have access to any accounts that belong to you now that you are not married.

Your family lawyer can help walk you through all of the things that need to be done after the divorce and assist you in areas where legal help is necessary.

To learn more, contact a family lawyer.