Monday, March 18, 2013

What Do I Do Now?

Teetering on the edge of a divorce or separation? Wondering where do I go from here? Besides seeking professional advice from either a mental health therapist, divorce lawyer, family mediator, financial advisor, or accountant, it is important to gather information early.  This document gathering can be done with your soon-to-be ex-spouse/partner or individually. Important documents and statements include (but are not limited to): paycheck stubs, tax documents, bank account summaries, health insurance, childrens' school tuition, mortgage summaries, life insurance policies, car payments and insurance, and retirement plans. Also, gather your other monthly expenses, including rent, utility, cellphone, and cable bills. As tedious as this activity sounds, it will save you a ton of headaches later on. If you want to take the extra step, you can prepare a financial affidavit. Hold on to this affidavit as you will need it once you file with the court. If your income is $50,000 or greater, select the long form, otherwise select the short form.  (Short Form) (Long Form)

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