What else can I do to protect myself in our high-asset divorce?

Yes, there is much more. In addition to the considerations in Part 1, it may be that the more organized and documentary you can be as early on as possible, the less stressful the process will be and the better off you will land once the divorce is complete.

Much of the documentation may be more accessible before the divorce filing occurs and things potentially get competitive.

Credit report information

As Fidelity has shared, credit reports can be a valuable document. It may be that you are not positive that you are aware of the all of the debts in your spouse’s name that are not also in your name. In addition to itemizing your own, and keeping documentation of account numbers and amounts owed, getting the credit reports of both you and your ex can be very helpful.

If you believe the ex will not want to provide perhaps a mutual agreement that you each share yours with the other may work. If not, your lawyer may be able to help. That information can help you both know what debt you may become liable for as an ex-spouse, even if not yours.

Joint accounts and credit cards

You will typically want to consider the joint accounts that you will want to close immediately. You may also want to ensure that any credit cards owned by you do not have your spouse as an authorized spender.

Make copies of all documents

In furtherance of having as much information early on that you will likely need later, it may be better to go heavy than to go light. This means making copies of all tax returns, financial statements and banking or brokerage information, loan documents, deeds to real property and titles to vehicles as well as registration and insurance information, life insurance policies. Do not forget about separately owned assets, regardless of which of you own.

Photographing and videotaping

Documenting your assets may also include photographing or videotaping the contents of the home, just in case items later disappear. Obviously, you will want a focus on valuables, but sentimental items can become items of value during a divorce as well, that can act as leverage.

If you will be leaving the home, videotaping the condition of the home may be a good idea, in the event an emotional outburst later causes someone so wreak some physical havoc on the home.

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