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Divorce Finances Checklist

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?

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