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For those of you who are already organized - have your wills in order, life insurance in place, keep to a monthly budget, know the difference between fixed monthly costs and discretionary spending - this blog will not be news breaking.

 

For the rest of you, this can be a very daunting part of the divorce process and one that makes tax time look like fun!  Here is a list of some of the paperwork you might want to have available during Mediation:

 

1.  Budgets

 

Each of you should have one budget for yourself and then one for the children.  If you are still living together, create an estimated budget for after the separation. Be sure to include:

 

A. Health Insurance:

 

Include cost for both parties after separation.  (Once the divorce is final,  if one spouse was covered by the other’s Health insurance, they will need a new policy.) 

 

 B. Life Insurance:

 

 Make sure that whoever provides the primary support for the family is covered so that there will be funds available in case of emergency.

 

2.  Recent pay stubs.

 

3.  List of Social Security Numbers for parents and children.

 

4.  Income Tax Forms for the last three to five years.

 

5.  Real Estate Holdings & All Mortgage Information

 

List the last four numbers of the Account

Name of Bank holding the Mortgage

Terms of payments.

 

6.  Most Recent Statements from All Accounts (last four digits of the account number ONLY)

 

Checking

Savings

Money Markets

Stocks

Brokerage Accounts

CD’s

Any other accounts in which you have individual or joint investments. 

 

7.  Retirement Accounts

 

Name of Institution holding account  (last four digits of the account number)

Terms of Payment - death benefit, annuity

Amount in each account

Include any stock options.

 

8.  List of All Assets acquired during the marriage

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This may not be a list that you agree on.   The mediation process is intended to help you work through dividing your assets in an equitable manner.  If you both have already divided your assets, you may choose to make the list anyway so that it can be included in your agreement.  Think about:

 

Collections

Cars

Jewelry

Antiques, etc.

 

9.  Wills

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