What Documents Should You Give to Your Lawyer in a Divorce?
Undoubtedly, divorce can be one of the most disruptive and emotional events in your life. The process can be confusing and lengthy, and feeling overwhelmed is normal. However, being organized and staying organized is a great way to stay on your feet while increasing your chances of getting an honest result.
You can provide your attorney with paper or digital copies when preparing your divorce papers, although digital files may be more useful. Also, keep copies to yourself. It is best practice to categorize your documents into these specific categories.Income Related Documents
The court needs to understand your financial and employment status in order to be able to investigate the division of properties. These documents typically include income tax returns and payslips. In addition, if you have a side job that generates additional income, even from commission or tips, you will need to document it as well.Life Insurance Documents
Life insurance can also be considered marital property. In some cases, this can be viewed as a form of spousal support. The monetary value of the life insurance may be split in the event of divorce, for example, to provide child support.Pension Fund Documents
Pension assets must be disclosed, and the court will determine how they will be distributed. Contributions to pension funds during the marriage are also marital property. Any subsequent benefits may be considered as a marriage benefit.Real Estate Documents
Real estate is an important asset to consider. Any property acquired during a marriage is marital property and will be divided upon divorce. Separate properties purchased before marriage could also be useful if marital funds were used to pay off a mortgage and maintain or repair the property.Marital Debt Documents
As with the presentation of financial assets, any accumulation of debt must also be documented. Debts incurred during the marriage must be disclosed as part of the financial disclosure. The court will identify marital debts and divide them as part of the divorce.Car-Related Documents
Owned vehicles are also marital property, subject to distribution at the discretion of the court. The vehicles owned by the parties must be disclosed, and the court will determine ownership.Documents for Joint Financial Accounts
Like the profit and loss accounts, the court needs documentation of all financial accounts, both individually and collectively. Both sides must fully disclose their assets. Every account opened or entered during the marriage is potentially marital property and is subject to evaluation. To Conclude
Process just gathering all the information you need to obtain a divorce, let alone navigating the divorce process itself, can seem impossible. However, you can do it like many others. Know that none of this will happen right away and only take one step at a time. Whether you choose to settle your divorce, get online help, or work with a professional like a divorce lawyer in Thornton Esquire Law Group. However, take advantage of the checklist and support network. Then, you can go through this process and get better on the other side.