Pinnacle Family Law
Family Law and Estate Planning in Michigan Offices in Novi, Ann Arbor, Lansing and Grand Rapids, Michigan Michigan Statewide Practice
248-305-6484
Menu / Navigate

TOP THINGS TO DO IMMEDIATELY AFTER YOUR DIVORCE

CHECK.jpgRecently divorced? Here are the top things you MUST do IMMEDIATELY:

Change Beneficiaries & Review Estate Plan

Be sure to change the beneficiary and alternate payee designations on any life insurance policies, disability policies, bank and credit union accounts, and any other policy or account, except as required in your Judgment. The Judgment does not automatically change these designations, even for ex-spouses. You should also consider preparing or revising your estate plan. The Judgment does automatically terminate your ex-wife's right to a share of your estate if you predecease her, and vice-versa, but you will want to update your plan to provide for your daughters and any other children, family members or friends, or other individuals or charities. Your estate plan will dispose of your property at your death, and it may also appoint a guardian for any minor children you have in the event the mother predeceases you or is unable or unwilling to serve as a fit parent. You can designate funds for college savings, and you can transfer assets to minimize tax consequences for beneficiaries, as examples.

FOC Services

Please take some time to review the Friend of the Court services available to you should you need them in the future. These services are available until each child is age eighteen (or up to nineteen and a half while in high school), you and your ex-spouse opt out of the services, or the Court orders otherwise. They include parenting time enforcement, family counseling, child support recommendations applying the Michigan Child Support Formula, which either parent may request once every three years and sooner upon establishing an appropriate basis to modify the current order, and a robust set of forms to help you enforce or modify orders. You may also obtain these online at www.courts.michigan.gov.

Personal Property

Make arrangements with your ex-spouse to transfer ownership of property specifically awarded to each of you, and be sure to sign over any titles or other ownership documents. This includes vehicles -transfer title ownership to the vehicles awarded to each of you. You can transfer title by signing the front of the title and filing with the Secretary of State within fifteen days of singing. The two of you may also go to the Secretary of State together. There are local branches that stay open late on Wednesday and on Saturday. You can locate branches online at www.michigan.gov/sos.

Monitor Credit

Monitor your credit report to ensure your ex-spouse removes your name and/or pays debts that are in your name but assigned to her.

Tax & Financial Advice

See a tax professional and a financial advisor to determine the best post-divorce investments and tax filing strategies for you. Most people take a financial hit in divorce, but appropriate planning will help you recover faster.

If you have any questions, and for more advice, contact Pinnacle Family Law at 248-305-6484 or by using our email function on this website.

No Comments

Leave a comment
Comment Information

Contact

Novi Office
39555 Orchard Hill Place
Suite 600
Novi, MI 48375

Phone: 248-305-6484
Map & Directions

Grand Rapids Office
250 Monroe Avenue NW
Suite 400
Grand Rapids, MI 49504

Phone: 248-305-6484
Map & Directions

Lansing Office
120 North Washington Square
Suite 300
Lansing, MI 48933

Phone: 248-305-6484
Map & Directions

Contact The Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Back to Top