It’s a good idea to organize your current financial picture — and imagine what your post-divorce financial life may look like — prior to filing for divorce. Consider the following questions:
- Which assets are jointly owned, which are in my name, and which are in my spouse’s name?
- Do I have an accurate appraisal of the value of each of our major assets?
- What debt do I have? What shared debt do we have?
- How is my current lifestyle funded?
- What might my monthly income and expenses look like after divorce?
- How much might I be able to expect in child support and/or alimony?
- How much will the divorce attorney cost?