List of Required Documentation Needed for Divorce Financial Analysis

 

This is not a complete list and depending on your situation, additional documentation may be requested.    If you have any questions, please do not hesitate to ask.  Depending on your situation, I may not need all 3 years worth of certain documents.  Please note SCREEN SHOTS are NOT Acceptable

Financial Statement:

• Both parties’ completed Financial Statement, known as Rule 401
  • Long Form if income is $75,000 or over http://www.mass.gov/courts/docs/forms/probate-and-family/cjd301longform.pdf
  • Short Form if income is under $75,000 http://www.mass.gov/courts/docs/forms/probate-and-family/cjd301shortform.pdf

 

Income:

• 3 years of Federal Tax Returns – I typically do not need State returns
• 3 years of each parties’ W2s, 1099s, K1s, etc.
• 3 years Corporate Tax Returns (1120 or 1120s), if applicable
• 3 years Partnership Returns (1065), if applicable
• If sole owner of a business, YTD Profit and Loss and Balance Sheet
• 3 most recent pay stubs for each spouse
• Employee Handbook showing all benefits, perks, etc.
• Employer/Employee Contract and Compensation Agreements
• Social Security Benefit Statement (http://www.ssa.gov/retire/estimator.html)

 

Assets – Non-Retirement:

• Balances in Checking/Savings/Money Market accounts – may not need actual statements if listed on Financial Statement
• Balances in CDs – may not need actual statements
• Most recent statements for any brokerage accounts – non-retirement accounts
  • Includes stocks, bonds and mutual funds and any other owned equity investments
• Balances in any HSA (Health Spending Account), FSA or Section 125 Cafeteria Plans
• Stock Options and other Equity Compensation – if you have any of these, special documentation is required, please ask for complete list
  • Incentive Stock Options (ISO)
  • Non-Qualified Stock Options (NQSO)
  • Restricted Stock Units/Shares (RSU)
  • Performance Stock Units (PSU)
• Any other joint or individually owned investment asset
• Information on Life Insurance policies – Term, Whole Life with Cash Value balance
• Education accounts – 529s, UTMA and UGMA custodial accounts

 

Assets – Retirement:

• Most recent statements for all employer-sponsored 401(k), 403(b), 457 plans
• Most recent statements for all IRA and Roth IRAs
• Pensions – State and Federal – Benefit Estimate from Retirement Board
• Pensions – Private – Plan document and Benefit Estimator from HR
• Any other retirement plans and deferred compensation not listed above

 

Liabilities:

• Most recent mortgage/HELOC statements for all properties owned, incl. the annual real estate tax amount and the Homeowners Insurance premium amount
• Student Loan statements with payment/terms
• Auto Loan statement and all auto insurance premiums for all cars
• 401(k) loans
• Personal loans