There are a number of things that we can do in preparing for divorce. The fifth thing that I recommend people do is that you prepare an income statement. Now, many of us particularly entrepreneurs are very used to producing an income statement for their business, very few people think about producing one for themselves. But when you’re faced with a divorce situation the amount of income that is coming into their household and where those things are coming from can become critically important in determining a number of issues throughout the course of divorce process. Some of those include, if alimony is an issue, that’s going to be a significant thing, if child support is an issue, that’s going to be a significant thing. And believe it or not income can be critically important when you’re looking at property settlements. So being able to have a detailed accounting of where your income is coming from, can be critically important to making sure that you’re in the best position to get the best result possible for you.
My name is David Ward from the Ward Law Firm and I help protect the small business owner facing divorce. Contact us today!
