Take care of legal, financial, and personal updates after finalizing your divorce
Once your divorce is finalized, several important tasks require your attention to ensure a clean transition to your new life status. A systematic approach helps ensure nothing is overlooked.
- Update your legal documents, including your will, power of attorney, and healthcare directives
- Modify financial accounts, including bank accounts, credit cards, and investment portfolios
- Change names on property titles, vehicle registrations, and insurance policies
- Revise your beneficiary designations on life insurance and retirement accounts
- Update personal identification like your passport, driver’s licence, and health card
- Review and adjust your tax filing status with the Canada Revenue Agency
Consider consulting a financial advisor or legal professional to ensure all necessary changes are properly executed and your interests are protected moving forward.