Getting Divorced Checklist
by Confidence Wealth & Insurance Solutions
Confidence Wealth & Insurance Solutions 3 Comments

General information Yes No N/A
1. Has relevant personal information been gathered?
• Each spouse’s name, date of birth, and Social Security number
• Names and birth dates of children
• Date and place of marriage and length of time in present state
• Information about prior marriages and children
• Date of separation and grounds for divorce
• Current occupation of spouses and name/address of employers
• Education and degrees of each spouse
• Name, address, and telephone number of attorney		 ▢ ▢ ▢
2. Has financial situation been assessed?
• Each spouse’s name, date of birth, and Social Security number
• Names and birth dates of children
• Date and place of marriage and length of time in present state
• Information about prior marriages and children
• Date of separation and grounds for divorce
• Current occupation of spouses and name/address of employers
• Education and degrees of each spouse
• Name, address, and telephone number of attorney		 ▢ ▢ ▢

PROPERTY SETTLEMENTS Yes No N/A
1. Does prenuptial agreement exist? ▢ ▢ ▢
2. Do spouses reside in a community property state? ▢ ▢ ▢
3. Have all assets been listed, valued, and classified as joint or
separate?		 ▢ ▢ ▢
4. Have the tax bases of all assets been determined? ▢ ▢ ▢
5. If assets will be transferred or sold, have tax consequences been
calculated and explained to client?		 ▢ ▢ ▢
6. Have loans and other liabilities on the properties (or otherwise) been
listed and considered?		 ▢ ▢ ▢
7. Is there a family business? ▢ ▢ ▢

ALIMONY AND CHILD SUPPORT Yes No N/A
1. Have tax consequences of classifying support as alimony or child support been reviewed? ▢ ▢ ▢
2. Has physical custody of children been determined? ▢ ▢ ▢
3. Has legal custody of children been determined? ▢ ▢ ▢
4. Have visitation parameters been established for the noncustodial parent? ▢ ▢ ▢
5. Will alimony be paid? ▢ ▢ ▢

MARITAL HOME Yes No N/A
1. Will home be transferred to either spouse as part of settlement? ▢ ▢ ▢
2. If yes, has cost basis been reviewed for improvements? ▢ ▢ ▢
3. Has amount of outstanding mortgage been calculated? ▢ ▢ ▢
4. Will the principal residence be sold to a third party? ▢ ▢ ▢
5. If yes, has the tax cost (if any) been computed? ▢ ▢ ▢

RETIREMENT PLANNING Yes No N/A
1. Have retirement plans been listed and interests in retirement plans been reviewed? ▢ ▢ ▢
2. Will the divorce decree provide a payout from the plan? If so, will a qualified domestic relations order (QDRO) be used? ▢ ▢ ▢
3. Should beneficiary designations be changed? ▢ ▢ ▢
4. Will any IRS penalties apply? ▢ ▢ ▢
5. Can retirement money be rolled over to IRA? ▢ ▢ ▢

TAX PLANNING Yes No N/A
1. If already divorced, was divorce finalized by year-end? ▢ ▢ ▢
2. If still married at year-end, agree to file jointly? ▢ ▢ ▢
3. Have joint filing risks been discussed? ▢ ▢ ▢
4. Has separate maintenance decree been obtained to permit filing as unmarried or head of household? ▢ ▢ ▢
5. Have head of household conditions been met? ▢ ▢ ▢
5. Has it been decided which spouse will get dependency exemption? ▢ ▢ ▢

other Yes No N/A
1. Should will and trust be changed? ▢ ▢ ▢
2. Should insurance policy beneficiaries be changed? ▢ ▢ ▢
3. Should banks and other creditors be notified of divorce and signatures changed? ▢ ▢ ▢
4. Will either spouse’s health insurance plan cover the children post-divorce? Cover spouse? ▢ ▢ ▢
5. Has budget been revised to account for changes in income and liabilities? ▢ ▢ ▢
5. Does credit need to be repaired or established? ▢ ▢ ▢
Important Disclosure

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