Written by: Maryalene LaPonsie; Article posted on: money.us.news.com
Divorce is usually a highly emotional life event, and for that reason, financial experts say it’s important to have trusted advisors by your side. Gretchen Cliburn, senior managing advisor at BKD Wealth Advisors in Springfield, Missouri, says everyone going through a divorce should work with the following people.
- Divorce attorney
- Certified divorce financial analyst
- Mental health counselor
As soon as you know you’re getting a divorce, collect all the financial documents you can. These include the following:
- Bank statements
- Credit card statements
- Tax returns
- Retirement account balances
- Appraisals for valuable items, if available
Pull a copy of your credit report. Spouses should look for loans or accounts they don’t recognize and work with an attorney to ensure they aren’t responsible for any debt incurred without their knowledge.