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Your Financial Situation Before Filing for Divorce (India)

Why Financial Preparation is Crucial?

When you file for divorce, the court may examine your income, lifestyle, financial dependencies, liabilities, and ownership of property.

🧾 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.

πŸ“‹ Key Financial Documents You Should Gather

** Income Proof: Last 3–6 months’ salary slips, Form 16, and Income Tax Returns (ITRs for past 2–3 years)

** Bank Statements: Joint and personal account statements for the past 6–12 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.

πŸ‘₯ Consider Getting a Financial Assessment.

πŸ“Œ You can also consult a financial advisor or your CA (Chartered Accountant) to.

Help you understand asset valuation

Forecast post-divorce income and expenses

Optimize your tax liability during alimony/property transfer

Ensure proper financial disclosures if your spouse is hiding assets

⚠️ Caution: If you suspect your spouse is hiding income or property, talk to your lawyer. They can help file an affidavit in court asking for full financial disclosure.
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