Steps to take after a divorce is finalized

On Behalf of | Apr 18, 2019 | Divorce

When people get divorced, there may be a series of events that need to take place after their marriages officially end. For instance, it may be necessary for Oklahoma residents and others to change the name that is displayed on official documents. These documents may include a credit card, bank statement or driver’s license. It is also a good idea to change beneficiary designations on retirement accounts and other assets that currently have them.

Other estate planning actions, such as writing a new will, may also need to occur. Furthermore, a person should consider appointing a new person to be the executor of a will or the trustee of any trust that is created after a divorce. If a former spouse is currently a health care proxy or has financial power of attorney, make sure that his or her power is revoked.

During a marriage, a couple may accumulate debts for which each person is responsible for repaying. It is important for individuals to get their names removed from joint credit card or other accounts. They should also remove their former spouses as authorized users of a credit card. The password to a computer, bank account or another important account should also be edited after a divorce. Password management services may be able to make this task easier.

Someone who is getting divorced may benefit from the assistance of a Tulsa, Oklahoma, divorce law firm. An attorney may review a prenuptial agreement or other documents that could be relevant to a case. He or she may also be able to provide insight into the types of assets to which a person may be entitled or help a client get the most from in a settlement. Divorce cases may be resolved either through mediation or a formal trial.