keep all your financial records when divorcing

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DIVORCE Keep All Your Financial Records

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DIVORCE Keep All Your

Financial Records

Keeping Records

If divorcing, one of the most important things you can do is keep good financial records.

Why Important?

ü Helps division of assets and obligations

ü Needed for “Epstein credits”

ü Can reduce time and costs of proceedings

Assets & Debts

• Assets acquired during marriage usually divided equally

• Records help determine if separate or community property

“Epstein Credits”

•  Generally, spouse entitled to credit for separate payments to community obligation

•  No automatic right – MUST BE REQUESTED

ü Divorce requires parties declare ALL assets and debts

ü Must produce records so having them saves time and money

ü Family law attorneys required by law to charge hourly

Assisting your Attorney

Contact us today for immediate help

www.bc-llp.com 888.809.1235

Gina Michel at [email protected] Paula Reno at [email protected]

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