Divorce Financials Launch Point
Divorce is a complex and emotional process, but being prepared financially can make a significant difference in ensuring a fair and smooth transition. One of the first steps you should take is gathering all necessary financial documents. These records will help provide a clear picture of your assets, liabilities, and financial standing, which is crucial for property division, alimony, child support, and future financial planning. Below is a list of essential financial documents to collect when starting the divorce process.
1. Income Documentation
Recent pay stubs (last 3–6 months)
W-2 and 1099 forms (last 2–3 years)
Tax returns (last 3–5 years)
Business financial statements (if self-employed)
Bank statements showing direct deposits or other income sources
2. Bank and Investment Account Statements
Checking and savings account statements (last 12 months)
Brokerage and investment account statements
Retirement accounts (401(k), IRA, pension plans)
Certificates of deposit (CDs)
3. Debt and Liability Records
Credit Reports from all 3 credit bureaus
Mortgage statements and property tax records
Credit card statements
Auto loan, student loan, and personal loan documents
Home equity line of credit (HELOC) information
Any outstanding tax liabilities or liens
4. Property and Asset Documents
Real estate deeds and titles
Recent property appraisals or assessments
Vehicle titles and registrations
Valuation of collectibles, jewelry, or other valuable assets
List of shared and personal assets
5. Insurance Policies
Health, dental, and vision insurance policies
Life insurance policies (with beneficiary designations)
Homeowners or renters insurance
Auto insurance policies
Long-term care or disability insurance
6. Legal and Estate Planning Documents
Prenuptial or postnuptial agreements
Wills, trusts, and estate plans
Power of attorney documents
Any legal agreements related to shared assets or debts
7. Household and Living Expenses
Utility bills (electricity, water, gas, internet, etc.)
Childcare and education expenses
Subscription services and memberships
Grocery, transportation, and healthcare expenses
8. Business Financial Records (If Applicable)
Business tax returns and profit/loss statements
Business bank account statements
Business loan agreements
Partnership or shareholder agreements
Organizing these documents early in the divorce process can help protect your financial future and ensure a fair settlement. If you’re unsure where to start, consider consulting a financial advisor or attorney who specializes in divorce to guide you through the process. Being proactive and informed will give you the confidence to navigate your divorce with financial clarity and security.