Managing Financial Records for Checking Accounts During a Divorce

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When managing financial records during a divorce, make sure that expenditures are accurately recorded in a checkbook. Find out how to demonstrate the source of money spent and deposited with help from a certified family mediator in this free video on family law and divorce.

Part of the Video Series: Family Law
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Video Transcript

You have found yourself in a divorce, and you find yourself going through your financial records, and it seems like a mess. What are you supposed to do? What can you throw out? What records are you supposed to keep? Hello, I'm Robert Todd, and I'm here to answer the question, what's involved in managing financial records for a checking account during divorce? And one of the first considerations is to make sure that when you make an expenditure for anything that you accurately record that in your checkbook, that you have some documentation what that expenditure was for. Likewise, when you make a deposit and you add money to that checking account you want to make sure that you make an accurate check deposit, and that you register that in your checkbook so that you can demonstrate from what source that money came. If it was a loan, you certainly want to be able to identify it was a loan. If it was money from some source other than regular income you want to be able to identify that. So again, the most important consideration in managing your checking account during a divorce is to be sure that you make accurate entries. I'm Robert Todd, and thank you for watching.

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