USAToday Article

A nice USAToday article about separating finances in a divorce. Here's a checklist they base the article on (the full article has explanations for each of the steps):

CHECKLIST FOR SEPARATING FINANCES

• Gather copies of tax returns; request credit reports.
• Close joint credit card accounts and other lines of credit.
• Pay off household expenses from joint bank accounts; close accounts, and transfer funds into individual accounts.
• Consider selling the house to get it out of both your names. Or, refinance it to put it under one person's name.
• Check overlooked assets: frequent-flier miles, club memberships, vacation pay.
• Update your will and the beneficiary forms on your life insurance and retirement accounts.
• Revise your budget. Consider hiring a financial planner if you don't already have one to do long-term planning.

The full article can be seen here