When California couples decide to divorce, the financial effects can be some of the most significant and long-lasting. The end of a marriage has a number of emotional and practical consequences, and it can be a grueling process on multiple levels. However, after the divorce is finalized, there can still be matters that need to be dealt with quickly in order to avoid further confusion and problems. This is especially true for changes to financial and other paperwork that can only be dealt with after the divorce has been handled in court.
The divorce decree itself is not sufficient to divide marital assets; in many cases, people must follow through to make sure that property division is handled efficiently and within the guidelines of the law. One of the first steps that people may need to deal with is changing their health insurance. People who were on their former spouse's policy must now secure their own. A divorce is a qualifying life event for changing an insurance policy, but it is important to act before illness or injury strikes.
After the divorce is finalized, the title of the marital home will need to be changed to the sole name of the spouse who is keeping the property. The mortgage may also need to be refinanced. In addition, car titles may need to be changed through the Department of Motor Vehicles. People will also need to communicate with their bank to divide joint accounts.
There are a number of longer-term projects that will also need to be done after a divorce, from changing the beneficiaries on life insurance and other policies to altering an estate plan and associated documents. A family law attorney can provide guidance not only for the divorce process, but for the practical aspects that follow.