In a column published on 6/30 in the Daily Business Review, Law Attorney Rebecca Palmer outlines critical post-divorce steps that are often overlooked but essential for ensuring financial security, legal clarity, and a smooth transition to independent life. This includes updating estate plans, reviewing insurance coverage, closing or separating bank accounts, and safeguarding credit and identity information.

“Within the first month after your divorce, it’s essential to take a deep dive into your financial accounts,” writes Rebecca. “This includes closing or separating joint bank accounts and credit cards, and opening new accounts in your name only. Even if your divorce decree assigns responsibility for specific debts, keeping joint accounts open can still impact your credit. To safeguard your financial future, make sure to request credit reports from Equifax, Experian, and TransUnion. Please review them carefully for joint debts, unauthorized accounts, or missed payments, and dispute any inaccuracies immediately. ”

While some of these steps may seem minor compared to the divorce itself, they are crucial for fully establishing independence and preventing future complications.

Read the story in full; click here.