When you file for divorce, the court may examine your income, lifestyle, financial dependencies, liabilities, and ownership of property.
π§Ύ Your financial documents form the basis for:
** Alimony/Maintenance claims (payable by husband or wife depending on income disparity).
** Division of joint/marital assets.
** Child support calculation.
** Legal fee planning.
** Future budgeting as a single individual or single parent.
π Key Financial Documents You Should Gather
** Income Proof: Last 3β6 monthsβ salary slips, Form 16, and Income Tax Returns (ITRs for past 2β3 years)
** Bank Statements: Joint and personal account statements for the past 6β12 months
** DProperty Documents: Sale deeds, loan EMIs, mortgage papers (especially jointly-owned properties)
** Investments: Fixed deposits, mutual funds, PPF accounts, insurance policies, and other assets
** Loans & Liabilities: Car loans, home loans, credit card dues
** Monthly Household Budget: Document recurring expenses like rent, child education, groceries, EMI payments, etc.
π₯ Consider Getting a Financial Assessment.
π You can also consult a financial advisor or your CA (Chartered Accountant) to.