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Thinking About Divorce


A little pre-divorce financial planning can go a long way towards making the divorce itself run more smoothly as well as providing you with additional protection. Doing your own homework can also save you money in legal fees. Here are some tips that you might want to download and keep handy:

  • MAIL

Review all mail coming into your house and make a list of the sender and return address. It is very important to know the addresses of brokerage houses, insurance companies, credit card issuers, banks,. Etc.

  • PERSONAL MATTERS

Have your mail sent to an address other than the marital home for your privacy and to ensure you receive it. For example, a post office box or home of a close friend or relative. File a change of address notice with the post office.

  • MARITAL FINANCE

Review all monthly bank statements and brokerage statements and make copies. Give copies of necessary documents to your attorney for safe keeping.

  • TAX RETURN

Review all tax returns that have been filed jointly or separately by your spouse. Demand an explanation as to any item which may be questionable before signing. Make complete copies of tax returns for the last several years.

  • TAXES OWED

Be certain that all taxes owed to the Federal Government or other taxing agencies are paid to date.

  • SAFE DEPOSIT BOX

Inventory and review the contents of any safe deposit box. List the contents including cash and jewelry. Be sure that all safe deposit boxes are in joint names.

  • BUSINESS INTERESTS

Be familiar with your spouse's business interests. Become involved and be aware of financial information regarding the business by getting your information.

  • MARITAL ASSETS

Do not transfer, sign, or make a gift of marital assets in joint names. Credit cards in joint names will discourage large personal purchases by one party.

  • PENSION PLANS

Obtain copies of your pension plan and your spouse's along with any yearly statements and determine when they vest and benefits become payable.

  • WILLS AND TRUSTS

Obtain copies of any wills or trust agreements and be involved in any estate planning.



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