Sunday, August 17, 2008

Preparing for your divorce

Gather information
Many times one spouse doesn't know what the other spouse is doing - concerning income, expenses, investments, insurance, loan applications, the family business - you get the picture. Gather as much information as possible. Every piece of the puzzle helps put togther the comlete picture.

Get copies of everything
It's amazing how documents seem to disappear once divorce is being discussed. If you have to get these documents later through your attorney, it can be very costly. Get them up front. Copy bank and credit card statements, loan applications, financial reports, check registers, investment reports, - in other words, everything that can have a bearing on your financial situation.