You may have a good case for spousal support

If you are going through a divorce, make sure that your attorney investigates the possibility of seeking spousal support for you. Not only may you be pleasantly surprised at what you could be entitled to receive, you might have many unexplored revenue streams.

You will need to accurately valuate your assets as well as your liabilities. Some valuables like antiques and jewelry may be fairly easy to appraise, but there are often many important items left out.

When drafting a financial statement or affidavit, it's important to realize that you will have to be able to back up your figures with solid facts and proof of expenditures. As such, make sure that your provide copies of:

-- Tax returns. Include several years if the last year's is not representative of your spouse's usual earnings. Some divorcing partners turn down promotions or overtime or ask for fewer work hours to reduce the likelihood of having to pay spousal support.

-- Year-end credit card summaries rather than monthly statements to get a broader picture of expenses.

-- Checking account statements and canceled checks, or scan check copies.

-- Insurance company statements for the Explanation of Benefits. These show the amount that is the financial responsibility of the insured and any dependents. Include all co-pays and deductibles as out-of-pocket expenses. To make sure that you include everything, ask all medical professionals to send you copies.

-- Current credit reports on you and your spouse to check on hidden accounts, liabilities, etc.

-- Loan application copies and auto leases.

-- Frequent Flyer Points. These have definite value and need to be split or offset in other ways.

There may be additional assets to consider, so be sure that you fully disclose all revenue sources to your family law attorney.

Source:, "Making Your Case for Spousal Support," Michelle, M. Smith, CFP, CDFA, accessed Jan. 08, 2016

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