Why is it important to collect financial information as soon as you decide to divorce?

By Bari Zell Weinberger
June 16, 2017
Why is it important to collect financial information as soon as you decide to divorce?

The basis for so many financial calculations in divorce ranging from child support to alimony depends on documented income levels. As soon as you can, exchange and review basic financial documents such as tax returns, deferred compensations, commission, W-2 forms, pay stubs, 1099s, even statements regarding stock options.

When income is determined at the outset of a divorce, it is less likely that there will be a dragged-out dispute regarding support calculations and payment responsibilities for the family. Once support is calculated and agreed upon, both of you can turn your attention to dividing your assets and liabilities.

Bari Zell Weinberger is the owner and managing partner of Weinberger Law Group in New Jersey. She is Certified by the Supreme Court of New Jersey as a Matrimonial Law Attorney.

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June 16, 2017

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