Separating Your Emotions from Your Finances
There are many parts to breaking up, including breaking up legally, physically, emotionally, and financially. Women, in particular, must recognize that all these parts come into play when divorcing, and must be separated. Aim to separate your emotions from your finances, including treating the financial part of your divorce as a business transaction. By Ellie Lipschitz and Dorian Brown Focus on your financial future. Keeping your emotions in check is key to managing your money throughout your divorce negotiations, and more importantly, the long term. A forward-looking focus gives women t...
Document Your Financial Information
Collecting your financial information before meeting with your lawyer and/or financial advisor will save both time and money during the divorce process. Here’s a list of the documents you’ll need. Your divorce lawyer and your financial professional will need information about your financial situation in order to assess your case. Collect the following documents before meeting with your lawyer and/or financial advisor to help save both time and money during the divorce process: Copies of separate and joint tax returns for the most current tax year and the three previous years. This i...
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