Bercovitz Law Firm, PC
Bercovitz Law Firm, PC
20 Years As An Advocate For Divorce And Family Law Clients In Greater Denver And Colorado Statewide

A Pre-Divorce Checklist for Understanding Your Finances

Getting Ready to File for Your Colorado Divorce

A Pre-Divorce Checklist for Understanding Your Finances

If you are considering a Colorado divorce, you should begin the process by organizing your financial documents. Review the following checklist and obtain each of the important sets of documents so that you and your domestic relations attorney will have the basis of understanding to assess your financial situation. The documents you recover should cover your long-term history, not just the most recent transactions, so your documentation should cover three years’ worth of data. Your family law attorney can only obtain an accurate idea of your marital finances if he or she has all the pertinent information to make a full assessment. By reviewing these documents, your lawyer will help you navigate a successful settlement and help you to secure a solid financial future. As you gather all the required documents, keep your paperwork in a safe place and bring them with you to your first meeting so your attorney can create copies for your file.

Gathering Your Financial Information:

1. Income and Tax Records

· State and Federal Tax Returns

· Employment Records

· Profit and Loss Statements for the self-employed

· SSA earnings report and estimated benefits

· Other income

· Charitable contribution receipts

· Other deductible items

2. Real Estate:

· Mortgage records- purchase and sale

· Appraisals

· Insurance – mortgage and homeowners

· Tax and assessment data

· Maintenance and repair costs

· Cost of improvements

· Rental records

· Homeowner association dues

3. Banking and Investments:

· Account statements for checking and savings accounts

· Account statements for your investment accounts

4. Retirement: (IRA, 403B, 401k, Pensions, Etc.)

· Statements showing contributions and distributions

· Employee or union handbooks

5. Automobiles and Other Vehicles:

· Title and registration

· Loan and financing data

· Insurance

· Maintenance

6. Medical Information:

· Health Plan Info

· Medical and Disability Insurance

· Medical expenses

· Outstanding medical bills

· Pending insurance claims

7. Records for Your Dependents: (Kids, Elder care, Pets)

· Bank accounts

· Investment accounts

· Medical records

· Education records

· Tuition

· Child care

· 529 or college saving accounts

· Other: Sports, hobbies, extra-curricular, camp

· Other dependent care costs (Living expenses, insurance, nursing, other medical costs)

· Pet care costs: food, vet, grooming, and other medical expenses

8. Other Info:

· Wills

· Trust documents

· Credit card statements

· Personal loan information, including statements, and original loan documents

· All business records

· Life insurance policies with beneficiary designations

· Marital agreements – prenuptial or postnuptial agreements

· List of separate assets and debts acquired prior to marriage

· Household inventory

· Your Monthly Household bills:

ü Food

ü TV and Internet bills

ü Phone bills (mobile, landline)

ü Gas and/or electric bills

ü Water and/or sewer bills

ü Home maintenance and repair estimates and costs

ü Health and beauty costs

ü Club memberships – social, gym, Costco

· Assessments of any high-value items (jewelry, antiques, collectibles, art, other kinds of vehicles, etc.)

· All other documents that would apply to your financial situation

Being Represented by Elissa Bercovitz, Esq.

If you are seeking to be represented by a highly skilled and compassionate Colorado family law attorney with over 20 years of legal experience and someone who is familiar with the Colorado courts, judges and magistrates, and very likely the lawyer who is representing the other party, please call Elissa at (303) 803-1678. Or simply fill out the online contact form, and Elissa will be in contact with you to schedule a free consultation.

About Elissa Bercovitz

Elissa Bercovitz at the Bercovitz Law firm has a Colorado family law practice that is focused exclusively domestic relations matters. Elissa knows how to handle complex family law matters in the Denver Metro area and counties throughout the State of Colorado:

· Denver

· Jefferson

· Douglas

· Arapahoe

· Adams

· Elbert

· Boulder

· Broomfield

· Summit

· Eagle

· Etc.

Elissa Bercovitz has experience with domestic relations matters related to the dissolution of marriage (divorce), legal separation, the allocation of parental rights and responsibilities (parenting time, custody, and child support), maintenance (spousal support/ alimony), paternity, step-parent adoption, relocation cases, the division of assets and debt, LGBTQ family law matters, post-decree modifications, and guardianship. Elissa also handles mediation for family law cases.

Call Elissa Bercovitz at the Bercovitz Law Firm at (303) 803-1678