Are you going through a divorce? Here are the top financial focus points, including; stipulating, asset division and managing your biggest asset , your home:
1. Gather financial documents; including bank statements, tax returns, mortgage documents, retirement accounts, and any other relevant financial info. This will provide a clear picture of your assets and liabilities for the stipulation.
2. Consult with Professionals: Seek advice from a divorce attorney, financial advisor, and possibly a mediator. They can help you understand your rights, evaluate your financial situation, and guide you through the legal process (contested or uncontested).
3. Negotiate and Stipulate Asset Division: Work with your attorney and spouse (or their attorney) to negotiate the division of marital assets and debts. This includes real estate, bank accounts, investments, personal property, and liabilities. Aim to reach a fair and amicable agreement that both parties can accept.
4. List and Sell the Marital Home: If selling the marital home is part of the asset division, choose a real estate agent experienced in divorce sales (that’s JoniRose). Prepare the home for sale, list it on the market, and manage the sale process. Both parties should agree on the sale price and any necessary repairs or staging.
The most important part is to focus on the best interest of the family and your mental health. It is important to create balance to achieve the desired outcome. I am your thought partner.
