Step 7 When Planning for a Divorce
Learn more about the 8th Step When Planning for a Divorce here: http://www.wardlawfirmga.com/blog/ste...
Hi, I’m David Ward from the Ward Law Firm and I help protect the business owner facing divorce.
We’ve been talking about things that you can do to prepare for divorce in this series of videos and the seventh thing that you can do is gather financial documents and copy them. This can be critically important in preparing for a divorce and the reason we’ll make a lot of sense intuitively and that is a divorce is a lawsuit like any other and when a lawsuit is concerned, evidence rules.
You have to be able to prove things. It’s not enough to simply know them and few things can prove the existence of assets that’s all those kinds of things like a bank statement or a credit card statement or any other sort of financial documentation. A lot of us think about that when it comes for business, we save those things but a lot of us don’t necessarily think about that for our own personal stuff and it’s important for both of them.
I just want to tell you a quick story about why this can be so important. I had a client and we’re going to call her Jennifer. Jennifer and her husband started a business. Both of them worked in the business and built it up to a business that was generating substantial income. Well, they had split up and decided to file for a divorce and during the early stages of divorce process, Jennifer’s husband came to her and said he need certain documents related to the business having to do with the finances - the income, invoicing, all those types of things and because Jennifer did not want to disrupt the business - she handed those documents over. Jennifer’s mistake was she didn’t copy them. She didn’t keep a copy of those for herself and as a result, there were significant income during the course of the divorce that we weren’t able to prove because her husband at that point, simply stated that a lot of people would do this that those statements didn’t exist - that those invoices weren’t there and we had no way of countering that because we didn’t have copies of those documents for ourselves before Jennifer turned those over. This can be a critical thing in preparing for a divorce so if you’re facing a divorce, make sure you take the time to copy any financial documents that you have. If you’re not able to necessarily copy things or those things aren’t available, at least write down things like account numbers, banks, other institutions and things like that.
Again, this is a situation where evidence is king and having those documents is an irreplaceable asset when you’re trying to move through the divorce process and trying to get the best outcome possible for you.
I’m David Ward from the Ward Law Firm and I help protect the business owner who’s facing divorce.
See all of our Divorce Lawyers in Duluth | 12 Steps You Should Take When Planning for a Divorce videos here: https://www.youtube.com/playlist?list...
Whether your divorce involves asset and debt division, financial support, or child custody, the mental and emotional toll can be overwhelming. Having a complete and honest assessment of what to expect throughout the divorce process substantially reduces the doubt and uncertainty that many people experience. Gwinnett County divorce attorney David Ward has the experience to know that even the most complex issues have solutions, and he fights to ensure that your best interests remain the focus.
It is vital to pursue legal matters carefully and consciously with an experienced family lawyer like David Ward who will guide and keep you informed as your case progresses. Unlike most divorce lawyers in Gwinnett County, David Ward has a strong background in finance and accounting. He uses his deep understanding of finances to tackle complex situations regarding property and asset division.
Contact a divorce attorney Duluth or a Gwinnett County family law attorney today at 770-383-1973 to schedule your REAL Case Analysis.
NOTICE: You are not a client of this law firm and we do not represent you unless you have a signed attorney/client agreement with this law firm. No duties or privileged relationships are intended to be created by this communication where they do not otherwise exist.