If you and your spouse have decided to divorce, you likely know that this is just as much a financial decision as it is an emotional one. There are several documents you’ll have to organize and submit to your attorney to make the process as efficient as possible. If you’re a Tennessee resident, here is some information about some of the paperwork you’ll need.
Income-related documents
Your divorce attorney will need all the documentation you have pertaining to your income. You’ll need to submit your pay stubs, as well as your tax returns and information about any financial benefits you receive. If you own a business, you’ll need to submit paperwork confirming your ownership and income statements to confirm how much of a profit the business makes.
Real estate documents
One of the first things people try to figure out during a divorce is who will keep the house. Whether you or your spouse will remain in the home or you decide to sell the house, you should submit your mortgage to your attorney as evidence of who owns the home. Mortgages for any other real estate you and/or your spouse own should also be submitted to your attorney. This can make the asset division process easier.
Account documents
If you and your spouse have joint bank accounts or are named as beneficiaries on insurance policies or pensions, these documents should be submitted to your attorney as well. If you and your spouse share any debt, you’ll need to give your lawyer the paperwork indicating that you will both be responsible for paying the debt. You may also need to provide evidence that your spouse is solely responsible for some debts.
