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Three Things to Complete Quickly After a Divorce

On Behalf of | May 16, 2023 | Divorce

While you may want to take a couple of hours to think about the emotional impact your finalized divorce will have on you and your family, there are several things that you will want to take care of shortly after your Tennessee divorce becomes final. Doing these things will help protect your future.

Complete a cash flow analysis

First, you should figure out how much money is coming in and going out. Even if your ex-spouse was ordered to pay alimony or child support, it is best to figure out a budget without those items because that money may or may not be coming.

Find a place to live

If you were not given the family home in your divorce, you must find a place to live. On the other hand, if you were given the house, you need to arrange with your ex-spouse so that they can get their stuff out. Even while doing the cash analysis, you may discover that you must sell the house to have enough money to live.

Close joint accounts

While it may have been impossible to close joint accounts while you were still married, you must act swiftly to close them now. As long as your name is on the account, the financial institution can try to get money owed from you. Send or show them a copy of the divorce decree and ask them to take care of the account as ordered by the courts.

Competing these three steps as quickly as possible will give you time to consider your estate planning, insurance and other things that you will need to take care of shortly.

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