During a long marriage, finances typically become so intertwined, it’s hard to determine who paid for what. However, knowing what assets a couple owns and where those things came from can be very important if they ever get divorced. Although the amount of money in a spouse’s retirement account might not seem important during the marriage, something as minor as that could be a huge factor in the divorce.
Cash on Hand
It’s not too difficult for someone to find out how much money they have in the bank. However, in the months prior to asking for a divorce, a spouse might start to filter money away from the joint account, making it harder to determine how much the couple actually has. It’s critical to be aware of matters like this because missing money could reduce the amount of a settlement.
In many marriages, one spouse handles most …