While the overall rate of divorce has been declining for several years, approximately one-third of the couples married today will, at some point, seek a divorce. Unfortunately, the costs associated with ending a marriage financially cripple a large number of those going through a divorce. However, there are strategies divorcing couples can use to minimize their financial exposure.
Carefully Inventory All Property
Virtually every divorce attorney will stress the importance of accurately inventorying all property held jointly or individually by the couple. As an experienced Raleigh Family Lawyer I generally wish to see evidence of all properties, including deeds, titles to vehicles, bank statements, and retirement accounts. Of course, there are other items to document as well. Expensive jewelry, collections, and even items like time-shares all must be accounted for.
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