One key way to protect your finances from taking a post-marriage dive is to know your full financial picture. You can’t make the best decisions if you don’t have all the information.
With some preparation and organization…and sometimes a little digging…you’ll have the facts you need to make informed choices about your financial life going forward.
If you haven’t had much to do with the finances before, this can all seem really overwhelming. When you start getting your financial facts in order, you’ll begin to take control and gain confidence. Don’t worry if some things don’t make sense to you right now – as you work through the steps, the financial picture will become clearer.
The goal here is to help you navigate the financial pieces of your divorce to create a more secure financial foundation for yourself and your family.
These steps will put you on the path to financial fitness. Do what you can, when you can, and don’t try to tackle the whole list – or even the whole step – at once.
With this information, you’ll be able to analyze the pre- and post-marriage financial situation. If it’s too much to figure out on your own, enlist your accountant or financial advisor.
When you have this clear financial picture, you’ll be able to enter divorce negotiations from a position of knowledge and strength, so you can establish a more stable financial foundation for yourself and your family.