Tag Archives: asset inventory

IL divorce lawyerGetting your finances in order goes a long way in divorce preparation. A Hinsdale divorce and high asset property division attorney can help you get your legal and financial documents in line to ensure that your divorce goes as smoothly as possible.

Create an Inventory of Your Assets and Debt

Division of marital assets is one of the most hotly contested aspects of divorce. Marital assets include everything acquired during the course of the marriage, while non-marital assets are everything else. Divide assets and debt by marital and nonmarital. Assets include everything from real property, bank accounts, 401(k) accounts, and pension plans, to jewelry, furniture, automobiles, and other tangible belongings. Debt acquired during the marriage is also marital property so long as both spouses signed their names to the mortgage, loan, or credit card.

Compile Documents

Having your financial documents in order saves time and hassle down the road. You probably will not be able to gather every necessary document before you talk to an attorney, but a good start includes locating the following:

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IL divorce lawyerAt one point in your life, you may come to the conclusion that a divorce is right for you and your family. To ensure you are well prepared and allow the process of ending your marriage to go as smoothly as possible, be sure to keep this pre-divorce checklist in mind.

1. Reach Out to a Divorce Lawyer

It is smart to speak to a divorce lawyer once you have come to the final decision that you are getting divorced. They can provide you with information on what to do and what to avoid before you start filing paperwork.

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