Divorce can be a difficult and emotionally charged process. However, it is important to take control of your finances during and after the proceedings.
A CDFA is a financial expert who specializes in divorce financial planning, and can help you understand the financial implications of various settlement options.
Make a list of all of your assets, including bank accounts, retirement accounts, real estate, vehicles, and any other property you own. This will help ensure that you get a fair settlement.
Make sure you have copies of important financial documents, such as tax returns, bank statements, investment account statements, and retirement account statements.
Close any joint accounts you have with your spouses, such as joint checking or credit card accounts. This will help prevent your spouse from running up debt or draining your accounts.