Divorce and Finances: The Ultimate Checklist of Documents

June 28, 2017

One way to bring at least a small measure of order to the often chaotic process of divorce is to properly prepare yourself for the financial transition. A divorce attorney and Certified Divorce Financial Analysts can help guide you through this confusing time, but you will do yourself a big favor by gathering the necessary information and staying organized. Keeping a folder of the vital information listed below—whether electronically or in paper form—should make navigating all the required paperwork and decision-making less stressful.

Keep copies of these documents:

  • Tax returns from the past five years
  • List of items in safe deposit boxes or storage
  • Proof of both spouses’ income, such as W-2 or 1099 forms
  • Statements from checking and savings account
  • Statements from investment accounts
  • Real estate and mortgage records
  • Home equity loan statements
  • Most recent property tax bill
  • Promissory notes
  • All insurance policies
  • Complete records for any businesses owned
  • Titles to any vehicles
  • Three most recent credit card statements
  • Statements for retirement accounts
  • Health insurance policies
  • List of personal property owned
  • Most recent property tax bill
  • A current household spending plan
  • Account statements for student loans
  • Account statements for personal loans
  • Most recent paystubs for both spouses
  • Medical savings account information
  • Statement on the mileage and condition for all vehicles

Send name/address changes to:

  • Financial institution(s)
  • Lenders
  • Home, life, health, auto insurance provider(s)
  • Accountant/Tax professional
  • Credit card companies
  • Investment account provider
  • DMV
  • IRS
  • Unemployment office
  • State tax board
  • Social Security Administration
  • Pension/retirement plans
  • Student loan providers
  • Mortgage company
  • Online business accounts
  • Credit bureaus
  • Titles or deeds that will be in your name
  • Veterans affairs

Other tips:

  • Change passwords for any accounts you will be taking over.
  • Reexamine your needs for all insurance policies.
  • Change beneficiaries for retirement, investment and insurance accounts
  • Update your Will