Law Offices of James V. Sansone
Schedule an initial consultation
Santa Rosa 707-623-1875
Ukiah 707-993-4068

Becoming financially aware prior to divorce proceedings

There may be a multitude of couples in California and elsewhere who might entrust many or most of the financial planning decisions to one party. While this might not seem to be an issue at the time, should the couple decide to divorce, a similar decision could leave the other party with less of an understanding of marital finances. Since the outcome of the process will impact the lives of everyone involved, finding ways to become financially aware might prove imperative to preparing for negotiations.

In the pursuit of gaining awareness of marital finances, experts suggest there are certain documents a person might consider obtaining. For instance, tax returns may hold an abundance of information that could help a person gain a much better understanding of current financial standings. Unfortunately, experts indicate that many individuals sign their names on tax returns without taking steps to fully understand the information within.

Experts also indicate that obtaining a net-worth statement is essential to becoming financially aware. This document provides information on all marital assets and liabilities such as marital incomes and debts. According to experts, obtaining documentation of martial expenses through a lifestyle analysis can also be imperative to preparing a strategy for subsequent negotiations and forming a budget for life after divorce.

While knowing all the necessary steps to take to gain financial awareness prior to divorce proceedings could prove imperative, it could also be an intimidating task. Fortunately, there are attorneys who can provide a person in California with much-needed advice on how best to prepare for what comes next. An attorney can help a client better understand every aspect of dissolving a marriage and assist him or her in pursuing the most favorable outcome achievable during legal proceedings.

No Comments

Leave a comment
Comment Information

Reviews For Our Office
in Ukiah, CA

powered by BirdEye

Reviews For Our Office
in Santa Rosa, CA

powered by BirdEye
Email Us For A Response

Request A Consultation

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Office Locations

Santa Rosa Office
1260 N. Dutton Avenue, Suite 239
Santa Rosa, CA 95401

Toll Free: 800-836-1298
Phone: 707-623-1875
Santa Rosa Law Office Map

Ukiah Office
215 W. Standley St.
Suite 10
Ukiah, CA 95482

Toll Free: 800-836-1298
Phone: 707-993-4068
Map & Directions