Wealth Insights

What to do financially when your marital status changes

Nov 01, 2024
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When divorce becomes necessary, the right advisor can provide the knowledge, tools and guidance to help safeguard your financial future.

Divorce: Separating finances with care


Review this list of tips to ensure nothing slips through the financial cracks after a divorce.


  1. Cancel joint accounts

    Compile a list of all joint accounts, including bank accounts, credit cards, and loans. Your divorce decree should outline how these accounts should be divided.

    Contact each financial institution to inform them of your divorce and your intention to close or separate the joint accounts. Each institution has its own process, but typically, you’ll be required to provide a copy of the divorce decree.

    Update your mailing address and contact information on any accounts you retain.

  2. Update beneficiaries

    Just like marriage, divorce requires updating the beneficiaries on your retirement accounts, life insurance policies, and other relevant financial instruments. This step ensures all your accounts reflect your current personal circumstances and intentions.

  3. Redo your will and estate plan

    Review and revise your will and estate plan to ensure your assets are distributed according to your current wishes and that your ex-spouse does not unintentionally remain in a position of financial or legal authority.

  4. Handle name changes post-divorce

    If you wish to revert to your birth name after a divorce, you must update your name on all legal and financial accounts, such as your Social Security card, driver’s license, and all financial accounts.

Financial advice and services tailored for you

Synovus wealth professionals have broad experience in private banking, investment strategy and planning, asset management and estate planning.

Our team delivers knowledgeable insights to help you achieve your financial goals.


Synovus can help

To learn more, talk with a Synovus financial professional by calling 888-SYNOVUS (796-6887) or visiting your local branch. Additional information is available at synovus.com/wealth.

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Important disclosure information

This content is general in nature and does not constitute legal, tax, accounting, financial or investment advice. You are encouraged to consult with competent legal, tax, accounting, financial or investment professionals based on your specific circumstances. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information.

  1. Jenny G. Olson, Scott I. Rick, Deborah A. Small, Eli J. Finkel, “ Common Cents: Bank Account Structure and Couples’ Relationship Dynamics,” Journal of Consumer Research. Published December 2023, accessed February 28, 2024. Back