When you are negotiating a settlement, preparation is the key to success.
After all, how will you know what to divide if you do not know what there is. During the course of your marriage, you accumulated assets and liabilities; now it is time to put pen to paper and create a balance sheet inventory.
Unlike assets, liabilities can suddenly pop up when a divorce begins. During divorce, debts warrant a second look as they can be used to hide marital assets and punish the other spouse by destroying their credit. Do not let this happen to you!
Download the Divorce Analytics Liability Worksheet, sharpen your pencil, and let’s get to work.
Listing all the marital debts can be overwhelming because money is the manifestation of our behaviors and actions. Often times marriages falter because of poor financial decisions and the divorce is the first time the couple is having a truthful conversation about money.
If the task is too emotionally overwhelming, fear not- Divorce Analytics is here to help. Victoria will work with you to overcome the uncomfortable feelings and lead the charge to help mitigate the financial impact of the divorce.
Give her a call at 402.430.3092 or shoot an email to victoria@mywealthanalytics.com and she will replace your fear with facts.
Please note: This is general knowledge and is not tax/ legal/ or financial advice. Work with your professional team to find out what is best for you.