One of the most important thing that must be done after entry of a judgment of divorce is to follow up. You must be sure that all of the provisions of the judgment are completed.
Those tasks include:
- Taking each other’s names off of bank accounts, credit cards, automobile titles, change of beneficiary on insurance and retirement accounts.
- Being sure that qualified domestic relations orders are entered. If not done and one spouse dies unintended consequences may occur.
- Amending estate plans.
- Addressing tax returns for the year of the divorce.
- Developing a post-judgment budget and financial plan.
For more information, please contact Breitmeyer Cushman PLLC.