Financial Documents to Review As Soon As You Make the Decision to Divorce

Determined to divorce? Prepare for a pile of paperwork. It all begins with collecting the financial documents that tell the story of your relationship. The sooner you gather these files, the better. The following are especially important: Tax Returns Whether you filed separate or joint taxes, you’ll need access to tax returns that reflect both you and your spouse’s financial situation. If possible, obtain state, federal, and local tax returns dating back at least three years. Proof of Income Proving income can be tricky, especially if you or your spouse harbors any semblance of entrepreneurial spirit. Pay stubs are just the beginning; look for 1099 forms, business contracts, and other evidence of income. Provide documentation of all businesses in which you or your spouse have held interest these past three years. Bank and Credit Card Statements Assets and debts cannot be divided until they are accurately identified. Bank and credit card statements play a huge role…

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