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financial planning for divorce

Divorce Financial Planning – Protect Your Financial Future

Published by: Scott Spooner • On: 04-18-2014 • Under: Divorce, Family Law • Tagged: ,

Divorce financial planning

A divorce is likely the most financially significant event of a lifetime.  When the decision to divorce is reached, it’s important to have a plan in place to deal with your property, debts, and assets. Divorce financial planning has become more complicated in this uncertain economy with fluctuating property values and high unemployment. This means that planning ahead and making divorce financial planning a top priority early on is even more important than ever. Here are some steps you may want to take:

1. Gather financial documents including:

    • at least one year of monthly account statements (including bank, brokerage, retirement, and credit cards)
    • all tax returns filed jointly or separately from the past three to five years
    • recent pay stubs
    • verify the contents of any safe-deposit boxes

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