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How a woman can prepare for a divorce

38197351_S (1).jpgMissouri women who are considering filing for a divorce should first obtain several documents that will help them get a better picture of what their financial futures will be like. These documents include tax returns for the past three years, a net worth statement and a comprehensive lifestyle analysis. Women who are considering divorce should not wait until it is nearly time to file before gathering these documents as it may take time to get everything together. After all, women are often left in the dark by their husbands when it comes to financial issues such as investments and assets.

Tax returns are likely the most vital source of information when someone needs to get a picture of a family's financial situation. Tax returns for the most recent three years should be obtained either through the family's tax preparer or an IRS Form 4506. A woman who is considering filing for a divorce should also obtain the documents used to prepare the tax returns, including 1099 and W-2 forms.

To obtain a lifestyle analysis the easy way, an individual can use an online expense tracker. These expense trackers allow users to link their bank and credit card accounts to build a comprehensive picture of finances.

Finally, an individual will need to obtain a net worth statement, which tallies a family's assets and liabilities. A net worth statement contains an overview of a family's debts, income, assets and investments. The court will want to see a net worth statement to ensure that assets are properly divided.

A woman who is considering filing for a divorce may consider scheduling a consultation with an attorney experienced in property division. A qualified attorney may gather the correct documents to make the divorce process as smooth as possible. This may also help a divorcing woman build a secure financial future for herself and her children, if she has any.

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