Going through a divorce can be a difficult time. Here are some tips to help you get the best result possible, while maintaining your sanity.
1. Complete a thorough inventory of your assets and your needs
- Taking accurate inventory of your assets and their most current valuations is crucial in achieving a favorable outcome. Knowledge is power when negotiating the finances of your divorce. The inventory should include every asset you own from the cars to the retirement accounts to future pensions and social security payouts at a future age for you and your spouse. You should also make copies of all tax returns over the past 3 years. These returns can help explain a lot more than your income and taxes paid; they can help find potentially hidden assets, dividends, capital gains, depreciation, and business expenses.
2. Get your emotions out with your support group – not your lawyer
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