Congratulations! Your divorce is final! You have made it through one of the most stressful times of your life. What do you do next?
The divorce process lays out how the marital assets are divided and this is documented in the Final Decree and Marital Settlement Agreement. Once you and your ex-spouse know how things will be divided, the next step is to actually divide all accounts and property.
First, review your Final Decree and Marital Settlement Agreement for specific instructions. These generally include removing names from credit cards and bank accounts. This may also include refinancing a mortgage or car loan to remove the other person’s name.
If there are any deadlines in the court order, make sure you are aware of those and can complete everything by the date specified. If retirement accounts are to be divided, orders dividing those accounts or pensions will need to be signed by both parties and sent to the agency that administers the accounts.
If you have requested to have your maiden name restored, you will need to get a certified copy of the Final Decree from the court clerk. The certified copy will be requested at the Social Security Administration to obtain a new social security card and at the Department of Motor Vehicles to obtain a new driver’s license.
Once everything in the Marital Settlement Agreement and Final Decree have been completed, you are done! Now you can begin this new chapter of your life.
If you need assistance with this process or have questions about divorce, call a divorce attorney or call our office at 505-872-0505 to schedule an appointment.