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During this time of social distancing, the Law Office of Marla Zide, LLC is offering both phone and video conferencing options for meetings and consultations. You will be able to contact us via phone during regular business hours to schedule.

Who should be a part of your divorce team?

| Dec 5, 2020 | divorce

If you have a complex situation, it can help to have a team of professionals who assist you with your divorce. You already know you need an attorney to handle the legal aspects, but there are other professionals who can offer specific help with certain aspects of your divorce.

Forbes explains that, in particular, you should look for financial experts who can assist with the property division aspects of your divorce. These professionals may also be able to help with support-related issues, especially spousal support.

Analyzing your income and expenses

A financial expert can assist you in analyzing and reporting your income and expenses. The court will need this information if it is considering an award of spousal support. Whether you will pay or receive the support, it is essential to have an accurate financial report to provide to the court. An expert can also help you uncover details about your spouse’s situation to ensure fairness and completeness.

Categorizing assets

A particularly difficult aspect of property division is defining assets as marital or separate property. Often assets become intermingled, which can cloud their categorization. A financial expert can trace origins and dig up evidence to show the ownership of assets and provide proof of in which category an asset should go.

Determining the value of assets

You will need to assign a value to all your marital assets so you or the court can divide them fairly. While this is easy for those with a direct monetary value, such as a savings account, it is not as easy for other assets. Having a professional evaluate your assets ensures accuracy.