Guide

Financial Checklist: How to Prepare for Divorce

Being financially prepared before filing for divorce can save thousands in legal fees and protect your interests.

☐Last 3 years of tax returns

☐Last 6 months of pay stubs (both spouses)

☐All bank account statements (checking, savings, investment)

☐Retirement account statements (401k, IRA, pension)

☐Mortgage documents and property appraisals

☐Vehicle titles and loan statements

☐Credit card statements and other debt records

☐Life insurance policies

☐Business financial statements (if applicable)

☐Prenuptial or postnuptial agreements

1. Open individual bank accounts — you'll need your own accounts post-divorce

2. Check your credit report — know your score and all accounts in your name

3. Inventory all assets and debts — use our asset division calculator to get organized

4. Estimate your post-divorce budget — our budget planner can help

5. Understand your tax situation — see our tax impact calculator

6. Build an emergency fund — aim for 3–6 months of expenses

7. Don't make major purchases — large transactions during divorce raise red flags

❌on't hide assets — it's illegal and courts punish it severely

❌on't close joint accounts without agreement

❌on't run up debt on joint credit cards

❌on't quit your job to reduce support obligations

❌on't post about your divorce on social media

Before meeting with an attorney, use our free tools to understand your financial picture:

•Divorce Cost Calculator — What will this cost?

•Asset Division Calculator — How will assets be split?

•Budget Planner — Can I afford life after?

•Tax Impact Calculator — How will my taxes change?

Being prepared isn't just about saving money — it's about taking control of your future.

Divorce Cost Calculator