The importance of good math when divorcing

Divorces can throw up a lot of big numbers. Everything from asset division to child support to spousal support involves figures. When you ask for a particular amount of something, you need to be able to justify why you are asking for that specific amount. You cannot be seen to pluck numbers out of thin air.

You certainly do not need to be a math genius to do this, but as your high school teacher probably told you, you need to be able to show your working out.

Here are some things to consider:

The value of your marital assets

Make a list and include everything you can think of from the savings account to the car to the house to the antique dresser you bought together at an old garage sale. Sometimes things can be worth far more than you think. 

Regardless of whether a particular item holds much value, you need to know the overall total of assets. Only once you add everything up can you decide on a number to seek when dividing assets.

Your expenses

Start by looking at your current monthly spending. If you have never paid much attention to this, you may find you spend far more than you thought. With this figure you can begin to look at what you will need in the future should you wish to seek spousal or child support.

Your personal wealth and incomes

You know your spouse earns well, but do you know the exact figure once you add up their monthly wage, bonuses and commissions? You need to know theirs and yours.

Remember they might not be totally honest, so if you have doubts, you can seek help to investigate further and see whether they are attempting to hide assets or income from you. You will also need help to understand what are reasonable financial targets to set when negotiating the various divorce elements.