Navigating the financial landscape during a divorce can be among the most stressful aspects of the entire process. With the guidance of a knowledgeable lawyer, it is crucial for people to implement effective financial strategies to protect their assets and secure their future. Here are three key strategies to consider.
Compile Comprehensive Financial Documentation
Getting a clear picture of your financial situation is the first step in managing finances during a divorce. This involves gathering detailed documentation of all assets and liabilities:
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Bank statements – Ensure you have access to past and current bank statements.