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Hi I'm David Ward from the Ward Law Firm and I help protect business owners facing divorce.
The fourth thing that you can do in order to help prepare for divorce is create a family
balance sheet. Initially it will be blank. There are a number of things that have to
occur over the course of a divorce. One of the more significant things is being able
to tally up and understand all the assets and the liabilities that are part of the marriage.
To understand how and where the things are going to be divided, you will be making sure
that you fill out a well detailed balance sheet - this will do a number of things. First,
having that done at the outset will help to increase the accuracy of it. Sometimes as
time goes by, particularly if our spouse just cuts us off from certain things, we may forget
those things are there. So by making sure that we're able to get to those things right
at the outset and write them down will help to ensure that things don't get overlooked
through the settlement negotiation process, and if necessary through the trial process.
Again, this is the fourth thing that you can be doing in order to protect yourself and
help prepare for a divorce.
My name is David Ward and I help protect the small business owner facing divorce.