2023-08-11 08:47:36
A separation, unfortunately, often goes hand in hand with a financial upheaval. But even beyond a lifestyle that you will have to adapt to your new personal situation, certain accounting decisions must be taken quickly so as not to risk aggravating the break-up or finding yourself wronged…
Take stock together
Because romantic separations without cries and tears are rare, it is obviously hard to imagine sitting directly around a table with your ex to take stock of the budget.
But if you obviously have to let a little time pass to be able to proceed calmly, you shouldn’t delay too long either, especially if you had pooled your finances!
Because it is not because your other half has slammed the door with a loss and a crash that she cannot draw as she sees fit from the joint account or that she is relieved of her obligation to contribute to the household costs if you are married and not yet officially separated.
In an amicable perspective, it is therefore necessary to decide together how you want to operate, manage and distribute your money.
Notify the bank
Please note: an informal separation does not change anything in your bank accounts, as the site reminds us. lesclesdelabanque.com.
To avoid unpleasant surprises, the information portal of the French Banking Federation thus explains that it is essential to notify your banker as soon as possible of your break-up and to agree on an appointment with your adviser to take a certain number of decisions about managing your money.
Note that this process can be done alone or in pairs, knowing that your ex-spouse will have to be informed anyway.
It is indeed a question of estimating who is entitled to what, of making an inventory of all the bank accounts to separate the finances of each one and reorganize the entries and exits, to remove certain rights which could be disputed but also for example modify your contracts to adapt your means of payment, your overdraft authorization, etc. to your new situation.
Essential operations
Among the priorities, it is imperative to revoke any powers of attorney that you had given to your ex-spouse and to delete transfers or permanent direct debits dedicated to the household and which have become useless.
Similarly, if you have a joint account, it is a good idea to ask for it to be separated. This can be done by registered mail with acknowledgment of receipt.
The goal? « Neither of you will be able to carry out an operation on the account alone: withdrawal, payment (transfer for example) or give a power of attorney, etc. »explains the banking mini-guide React in case of separationn available on Lesclesdelabanque.com.
Please note that bank cards and checkbooks must be returned to the bank. The idea is then that this account, now undivided, is used to pay the last common charges while waiting for the final settlement of your separation. It can then be closed, with the agreement of the two co-holders.
If you did not have a personal bank account until then (which is highly inadvisable), you obviously need to open one as soon as possible in your name alone and domicile your income and direct debits there by carrying out banking mobility to transmit this new RIB to your employer, social organizations, insurance, etc.
For security, remember to change your access codes and personal banking identifiers.
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