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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