6 Critical Steps to Prepare Your Finances for Divorce
The process of getting a divorce often leaves both parties wounded. However, there are a few things you can do right now to ensure that you are financially protected.
1. Gather your financial records
The first thing you should do is to collect all of your financial records. Ideally, you will have five years’ worth of documents, including tax returns, payroll stubs, benefits information, bank statements, investment accounts and property information.
It would be wise to make copies of everything and keep them outside of the house — either in a private safe deposit box or at the home of a trusted friend or family member. Having evidence of all of your financials will help speed up discussions during the divorce…Read the Full Article by Shawn Leamon at NERDWALLET