If you’re considering filing for divorce, the first thing you need to do is get prepared, not just emotionally but financially. As crass as it might sound, the financial weight of a divorce is just as much if not more than the emotional one. That’s why it’s important that you take the time to create a clear financial picture so you can be as best prepared as possible.
The most important step is to gather as much information as you can, as early as you can. Now is the time to get your hands on tax returns from the last few years, bank statements, credit card statements, investment information, insurance documents, etc. If you wait until the divorce is already moving full speed ahead, getting your hands on such documents can prove incredibly challenging.
You should also make a list of all the valuables you own. This includes things like collectibles, jewelry, heirlooms, and so on. Make a record of everything. You may even want to take photos as well.
Simply put, know your financial situation heading into the divorce before your spouse might try to hide or change it.
Miller Law Associates is a Florida divorce & family law firm that offers low cost, fixed fee legal representation to clients in all 67 counties across the state. Learn more at www.DivorceYes.com.