Credit and Debt

    Settle all outstanding bills with your legal counsel and other divorce professionals.

    Close all joint credit accounts. Make sure all credit card bills and loans are paid promptly and closed        by you or your spouse if responsible.

    Open a new credit card account in your individual name.

    In 30 days, obtain a credit report to verify no joint accounts remain.

Bank and Brokerage Accounts

    Close joint bank accounts and open new checking and savings accounts in your individual name.

    Close joint brokerage accounts and open new accounts in your individual name. Contact current                 company to facilitate transfer of assets in kind where necessary.

Real Estate and other Real Property

    Transfer ownership of all deeds for your home, automobiles, or boats and have them recorded at the        appropriate county recorder or DMV office.

    Complete the process of refinancing or assumption of mortgages.

Insurance

    Change beneficiaries on Life Insurance policies

    Revise health insurance coverage for spouse and/or dependents pursuant to divorce decree. If                    insurance is not available through an employer; begin COBRA coverage or seek an individual policy.

    Obtain new property and casualty insurance for auto, home and umbrella.

    Obtain a life insurance policy on the person who pays Child and Spousal Support as security for                 payments that would otherwise end at their death. The support recipient should be the owner and the          beneficiary and consider making the premium payments.

Retirement Accounts

    Change beneficiaries on all retirement & pension accounts.

    Follow up with your attorney and/or QDRO drafter to ensure the plan administrator has accepted the            order and it has been filed with the court.

    Complete necessary transfers of IRA and other accounts per settlement once you receive a copy of            your judgment.

Estate Planning

    Execute a new will and/or trust. Designate guardians for your children if necessary. Be sure to update        your health care proxy and your power of attorney documents.

Cash Flow and Taxes

    Review and update your post-divorce budget for income and expenses.

    Review your tax withholding allowances with your tax advisor or CPA and determine if estimated                quarterly payments will be necessary.

Disclamer:

Our firm does not provide legal or tax advice. Be sure to consult with your own tax and legal advisors before taking any action that would have tax consequences. The information provided herein is obtained from sources believed to be reliable; but no representation or warranty is made as to its accuracy or completeness.