Questions and Hot Topics to Cover to Prepare for Your Divorce
- Is there a prenuptial and/or postnuptial agreement?
- Create a list of assets and liabilities to formulate a marital estate chart
- Are there any business interests to value?
- Is a vocational analysis for 1 or both spouses necessary To determine capacity to earn?
- What other assets must be appraised such as real property and/or personal property such as artwork and jewelry?
- List any separate property including but not limited to gifts and inheritances from family members and/or premarital property
- List your monthly expenses including carrying costs for marital residence
- Determine which assets have tax implications including capital gains taxes and any exemptions that apply
- Analyze whether or not it is best to remain in the marital home based upon child support and spousal support as well as other income earning assets
- Determine child support
- Determine spousal maintenance including amount and duration
- Determine pro-rata obligations for what are known as add-on expenses
- Are there 529 accounts for your children’s education?
- What other large financial obligations are in your future?
- How will legal and expert fees be paid?