Understand your financial needs.
Nov 12, 2012
You need to make sure that the liquidity of the assets youre getting matches up to your needs. Lets suppose you want to keep the marital house which is worth $300,000 or 50% of the marital estate as ...
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Know your financial situation during a divorce
Nov 12, 2012
Account statements have a way of disappearing when divorce proceedings start. When contemplating divorce, start by collecting statements for all your financial holdings and put together a list of your ...
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Don’t let emotions wreak havoc during your divorce
Nov 12, 2012
The divorce process can be fraught with crisis and emotional turmoil for both parties. The more frenzied your emotions, the longer the proceedings can take and the impact can be a more costly divorce p...
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Pensions can be more valuable than a home.
Nov 12, 2012
A common mistake spouses will make during a divorce is trading their share of a spouses pension for the marital home. The marital home and the retirement plans are likely to be the largest assets in yo...
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Review Beneficiary Information
Nov 12, 2012
After your divorce is final, remember to take the time to review the beneficiary information on your company 401(k) plan, individual retirement plans, annuities, life insurance policies and individual ...
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Ensure Your Income Will Continue
Nov 12, 2012
If you are receiving child or spousal support, be sure there is disability insurance and you own a life insurance policy on your soon-to-be-ex spouse. These policies would ensure that the income you ne...
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Marital Debt
Nov 12, 2012
Debts that were obtained in the name of both spouses before a divorce (meaning both husband and wife signed a document or application saying that they were responsible for the debt) remain the obligati...
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Identity Check
Nov 12, 2012
Verifying accurate personal, financial, and business information is critical to maintaining your identity. It's important to check data reporting services, such as credit agencies, as well as banks and...
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Copy Your Records
Nov 12, 2012
Before your divorce, be sure to make copies of all of your financial records. Keep them in a safe place away from your spouse. These records include, but are not limited to, personal and business incom...
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Obtain Copies of Credit Applications
Nov 12, 2012
Obtain copies of any credit or mortgage applications from your bank or creditors, particularly those that have been completed 12 months prior to your separation. If the application was joint, then it w...
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