POST-DIVORCE CHECKLIST – Part IV – LAWRENCEVILLE DIVORCE ATTORNEY – DOUGLAS W. LEWIS, ESQ.
Douglas W. Lewis, Lawrenceville Divorce Attorney – Gwinnett Divorce, Family Law, Legitimation, Paternity, Modification, and Custody.
This is Part IV of the Post-Divorce Checklist series.
In Part I, we discussed essential actions that need to be taken in regards to changing your name, address, codes and passwords once a divorce is finalized in Gwinnett County or in any other metro-Atlanta county.
Post-Divorce Checklist Part IV – Financial Issues, Taxes and Estate Planning
- change the beneficiaries on your life insurance, 401k, pension, IRA and other retirement ;accounts if allowed and permitted by the terms of the Final Judgment and Decree and/or Settlement Agreement
- cancel any automatic withdraw or deposit if you no longer are listed on the bank account;
- cancel any automatic withdraw if you are no longer responsible for paying a certain bill;
- order new credit report to verify that accounts you intended to close have been closed and that your credit agency file has been updated. You are entitled to one free credit report from each of the three major credit reporting agencies — Equifax, Experian and TransUnion — upon request every 12 months;
- if your former spouse files bankruptcy contact an attorney;
- consult a financial advisor, tax preparer and/or tax attorney regarding the implications of the divorce on your financial situation and if necessary or desired;
- review your budget and update your financial and retirement plan;
- if you were married for at least ten years before your divorce, you may be entitled to make a claim against your ex-spouse's Social Security
- immediately consult with a tax preparer and tax attorney if you have any questions regarding your income taxes, tax liability, deductions, tax basis, or tax implications as a result of your divorce or any transfer of property as a result of your divorce
- obtain/maintain social security numbers for ex-spouse and children for possible tax purposes in the future
- execute and file IRS form 8332 if the Settlement Agreement provides for the custodial parent to transfer the dependency exemption to the non-custodial parent
Estate Planning/Last Will and Testament
- review your estate plan and update if necessary
- execute a new Last Will and Testament to ensure your Will contains your clear and current intentions (the divorce will void the provisions which relate to your ex-spouse and your Will is treated as if your ex-spouse died before you and any gifts made to your ex-spouse will be transferred according to the remainder of your Will or pursuant to Georgia law
- execute a new Power of Attorney and/or a Georgia Advance Directive for Healthcare (which has replaced the Living Will and the Durable Power of Attorney for Healthcare in Georgia)
If you or a family member or a friend have any questions about divorce in regards to a case in Gwinnett County, or in any other County in the metro-Atlanta area including Cobb, Dekalb, Fulton, Walton, Barrow, Hall and Forsyth counties, then please do not hesitate to immediately call attorney Doug Lewis at 770-682-3765 for a free initial telephone consultation.
Lawrenceville Attorney Douglas W. Lewis has over twenty years of experience in Gwinnett County and the Atlanta Metro area handling divorce, legitimation, paternity and child custody cases, family law cases, personal injury cases, criminal defense, civil litigation cases and estate planning matters. If you have any questions please call the Lawrenceville office for a free initial phone consultation or to schedule an office consultation. You can contact attorney Doug Lewis by telephone at 770-682-3765, via email. Client reviews can be found on Mr. Lewis' Google + page and on his website.