Ending a marriage is never easy.  It is a process that often involves not only financial, but also emotional strain.  However, it is possible to prepare for your divorce.  The best preparation is having knowledge of your family’s finances.   Often in a divorce case one spouse is at a disadvantage because he or she did not handle the finances during the marriage due to other responsibilities.  If you are considering divorce, it is an essential first step to gather as much financial information as possible.  Important documents to obtain include, but are not limited to, income tax returns, bank records, credit card statements as well as retirement and investment account statements.  It is a good idea to make a list of your assets and debts prior to consulting with an attorney.  It is also crucial to be aware of your monthly budget, which will help determine your financial needs.  In order to best assess your budget begin retaining a copy of all bills and receipts for your expenditures and track your expenses each month.

The next step is to consult with a matrimonial attorney who specializes in family law.  An experienced family law attorney will not only be able to navigate you through the legal process, but he or she can also effectively deal with the added emotional component that is inevitably part of the divorce process. The attorneys at Iandoli & Edens dedicate their practice exclusively to representing individuals with family law issues. Our attorneys are here to help you through the divorce process.  Please call us at (908) 879-9499 to schedule an initial consultation.