Deciding to end a marriage is a big deal. Suddenly, you have to figure out how to dissolve the life you built with your spouse. The children have to be taken into consideration, and you have to take into account any assets and debt even if you are not the primary owner of the debt. A great way to navigate a divorce in Florida is to stay organized. Here are the documents your divorce attorney will request.
Representing your true income is a must in divorce proceedings, especially if one of the spouses is going to ask for child support or alimony payments. Tax returns and pay stubs can help verify income.
Gather documentation for any real estate. Every divorce is different; some couples decide to split real estate by properties. Others opt to sell all their real estate holdings and then split the profits.
Since the couple is no longer going to be legally tied together, the life insurance policies must be examined. Essentially, one spouse is no longer going to be able to collect the benefit for the other anymore. Plus, life insurance policies carry a cash value. The couple needs to figure out what to do with that value.
If you are the wage earner in the household, you probably want to protect what you have earned, like your pension fund. Your spouse has a right to these funds, too, however, so it’s important to document its potential value.
Vehicle are assets similar to real estate. If there is more than one car, each spouse may keep one. You can also sell them and split the cash difference.
Other Financial Documents
It is not uncommon for there to be hidden debt in marriages. This is a good time to find out if either spouse is a Chapter 7 or 13 bankruptcy candidate.
If you believe that ending the marriage is the best step to take, your family law attorney may help you navigate through the process. Providing the necessary documents makes things flow more smoothly.