If divorce is looming and you’re the non-money spouse, your first step is simple but critical: gather documentation. Most non-money spouses don’t know where the bank accounts are, what the business earns, or how assets are held — and that puts you at a major disadvantage.
Here are the essential actions:
• Collect financial records: bank statements, credit cards, tax returns, business documents, loan statements, investment accounts.
• Prepare for forensics: A financial expert may be needed for
– Business valuation
– True income valuation
– Lifestyle analysis (12–24 months of spending)
• Know the rules: Some states don’t count regular savings as part of lifestyle needs.
• Do NOT get a new job right before divorce: That income may reduce your support claim.
Protect yourself early — documentation is your leverage.
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