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Two things all newly divorced spouses should consider

It is no secret that many divorcing couples simply want to move on from their marriage and start new lives. The drama and emotional toil of protracted litigation is simply not worth what they would get in return.

While we appreciate the mature perspective that these couples have, there are still a few things that any newly divorced person should do to protect their rights. This post will highlight a couple of them. 

Update your estate plan – If you had a will while you were married, or took out an insurance policy, it may be time to update your estate plan after your divorce is finalized. This is because you likely had your spouse listed as a beneficiary on your insurance policy, and you probably had them listed as an executor or a conservator. With your marriage over, you probably don’t want your ex-spouse cashing in on your insurance policy or distributing your property.

Monitor your credit report – It is common for one spouse to agree to pay off joint credit cards as part of a settlement agreement. While this may sound good in principle, if the other spouse defaults, it could be reflected in your credit report. Indeed, this may be grounds for a contempt motion, but your settlement agreement should be specifically worded so that you can protect yourself should this scenario occur.

The preceding is not legal advice and is presented for informational purposes only. If you have questions about your situation, an experienced family law attorney can help. 

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