Checklist: Post
Divorce Actions To Take!
1.
Divide all property as set forth in the divorce
decree.
2.
Execute a quitclaim deed to transfer title to real
property to your former spouse, and/or make sure that your ex-spouse does the
same, as required by the divorce decree.
3.
Change the titles to your motor vehicles to reflect
the ownership as set forth in the divorce decree.
4.
Notify your auto insurer of any changes in
automobile drivers, ownership, and addresses.
5.
Make sure that your name has been removed from any
debts or loans that are no longer your responsibility. Close any joint credit
accounts.
6.
If you change your name (such as by reverting to
your maiden name) as a result of the divorce, notify all of your creditors of
the change.
7.
If you move, notify all of your creditors of your
change of address.
8.
Notify the Social Security Administration of your
name change.
9.
Apply for a driver's license with your new name on
it.
10. Apply for a driver's license with your new address on it.
11. Change your name on your bank accounts and checks, or open new accounts
in your name only.
12. Change your address on your bank accounts and checks.
13. Apply for credit in your own name.
14. Remove your former spouse's name from your lease or mortgage.
15. Change the beneficiaries on my life insurance, 401k, pension and IRA
accounts, if permissible under the divorce decree.
16. Change the way you hold title on all properties you own.
17. Obtain life insurance naming your former spouse and/or children as
beneficiaries to ensure continued support if you should die, if required by the
divorce decree.
18. Write and execute new will, trust, and powers of attorney. Designate
guardians for your children if necessary. Be sure to update your health care
proxy and your power of attorney documents.
19. Execute all necessary COBRA documents to ensure continued health
insurance coverage, or make sure that your ex-spouse has done the same.
20. Make sure that the Qualified Domestic Relations Order (QDRO) is entered
and implemented, if required under the divorce decree.
21. Take all other actions required by the divorce decree.
22. Pay all support when due.
23. If you change jobs, notify your new employer of any court-ordered
support, if required by law to do so, to effectuate continued automatic
withholding.
24. Keep your scheduled visitation times with your children.
25. Order a new copy of your credit report after joint accounts are closed.
26. Set up direct deposit or income withholding for child support, spousal
support or alimony payments.
27. Change Your Tax Status: Change your tax status to reflect you are no
longer married and/or to alter the number of exemptions you have been claiming.
If you use a tax preparer you will want to notify that person of your change of
marital status.
28. Review and update your post divorce budget for income and expenses.
29. Execute IRS form 8332 to transfer dependency exemptions to non-custodial
parent if necessary based on settlement.
30. Review your tax withholding allowances with your tax advisor or CPA and
determine if estimated quarterly payments will be necessary.
31. Change your name on:
____ Driver’s license, automobile title and registration
____ Social security card
____ IRS records
____ Automobile insurance policy
____ Life, health, homeowner’s and disability insurance policies
____ Employer’s records
____ Credit cards
____ Bank, brokerage and investment accounts
____ Professional licenses
____ Title to real property
____ Utility bills
Have questions in regards to divorce real estate in Los Angeles?
Call: 310-266-9463
Andre
Plessis, CDPP, RCS-DTM REALTOR®
As a
RCS-DTM REALTOR® I assist individuals who are either
thinking about divorce or are in the process of a divorce. To protect your
rights NOW, you need a real estate agent specializing in divorce, an
RCS-DTM REALTOR®
RCS-DTM stands for
Real Estate Collaborative
Specialist-Divorce.
Tel: 310-266-9463
Los Angeles Divorce Real Estate Specialist
