Before the divorce process starts
for your specific situation, your attorney will likely ask for information
about your marriage and the related documentation attached to it. The reason
that your divorce lawyer Gold Coast wants official documents is because dry ink does not
lie. Therefore, you need to provide the necessary documents that tell the story
of what really has happened in your marriage financially and in other ways.
Income-Related Documents
Documents that are
associated with your income are critical to the divorce process because the
court needs to understand your employment status and financial positions to be
able to consider property division, child support, alimony, and so on.
These documents usually
include pay stubs and income tax returns. If you have a side job that brings in
additional income, you need to have it documented as well. Prepare any other
information that will establish your net worth, your income, your spouse's net
worth, your spouse's income, and your joint net worth.
Joint Financial Accounts
Your divorce lawyer Gold Coast will
need the paperwork of all your financial accounts both joint and separate to
present in court. Both parties have to disclose their assets completely. Any
account contributed or opened during the union must be assessed, as it is
potentially marital property.
These include:
·
All bank
statements from any account in your name or jointly with your spouse
·
Individual or
joint accounts of savings passbooks and savings certificates
·
Statements from
investment accounts you hold separately or jointly.
Related to Automobiles
Disclose all vehicles owned
by the couple, in which the court will determine ownership. This is because
automobiles are also marital assets subject to appraisal. Your divorce lawyer Gold Coast
will procure vehicle title or registration owned individually or jointly by you
or your spouse, including automobiles, ATVs, farm equipment, boats, etc.
These types of documents
also include those demonstrating the current outstanding secured debt on the
vehicles, amortization schedules, payment coupons, and monthly invoices.
Marital Debt Documents
Similar to presenting your
financial assets, it is also important to document any accumulation of debt.
All debts entered into during the marriage are included in the financial
disclosure. The court will decide which are marital debts and divide them between
the spouses as part of the divorce.
So, with the help of your
divorce lawyer, list your debts, including medical bills, credit cards, and any
other loans in both your name and your spouse's.
Real Estate Documents
In the divorce, any real
estate acquired during the marriage will be divided because it is marital
property. In addition, real estate owned or bought before marriage may come
into play if marital funds were used to do repairs or upkeep on the property,
or pay the mortgage.
Equitable distribution means
dividing property fairly but not necessarily equally, while community property
means giving half of the marital property to each spouse.
You can obtain from your
bank or mortgage company the documents, showing the legal description of any
real estate owned separately or together. Your divorce lawyer will need these
real estate documents, as they work on your case.
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