The following are a collection of free divorce checklists & worksheets from the Institute of Divorce Financial Analysts. They’re the organization that trained me as a Certified Divorce Financial Analyst (CDFA).
Below are eight different divorce checklists and worksheets to help you organize your thoughts and financial information. Simply click the name of each checklist or worksheet below to download your own copy in PDF format.
Let’s begin with a “getting started” checklist . . .
As a CDFA, I spend much of my professional time helping women deal with their finances before, during, and after the divorce process.
If you might be dealing with divorce in the future or are in the midst of divorce right now, getting your finances organized can not only give you peace of mind but it can also save you money that you would otherwise pay a divorce attorney to help you gather and organize this same information.
Click the link above to get your copy of the “Getting Started” checklist.
It’s also important to consider your needs, the needs of minor children (if applicable), your finances, your housing situation, and much more as you work through your divorce.
Your priorities will set a solid foundation for the checklists and worksheets I’ll be sharing with you below.
Now that you’ve reviewed the getting started checklist and the priorities worksheet, it’s time to start organizing your finances.
Depending on the complexity of your current family finances, this can be simple and straightforward, or it can easily feel overwhelming and intimidating.
But don’t be discouraged! Just focus on “progress, not perfection.”
An important part of getting organized involves taking a household inventory of your current situation. Here’s a worksheet for that purpose:
You may need to make multiple copies depending on just how much “stuff” you have. And use your judgment in deciding the level of detail that you apply to inventorying your property.
I’d err on the side of more detail; not less. But don’t let this become an all-consuming process where you can easily get lost in the details and prevent yourself from making progress with the divorce and getting on with your life.
Once your household inventory is complete, you need to take stock of your financial “stuff” too — your assets. This worksheet will help:
This worksheet should include anything that wasn’t captured in the household inventory worksheet above.
Common examples include bank accounts, savings and investment accounts, retirement accounts, pensions, credit card debt, mortgages, and more. Less common examples could include frequent flyer accounts, country club memberships, and so on.
One of the most stressful parts of divorce is figuring out how the day-to-day money will be handled once the divorce is final.
Once again, the best place to start is by first accounting for current expenses. Here are 2 worksheets that can help you track down all of the expenses and bills you might encounter in a typical month or over a typical year:
- Simple Expenses Worksheet (click here to download)
- Monthly & Annual Expenses Worksheet (click here to download)
You might also consider using a free tool like Mint.com to help make this process a little easier and less time-consuming.
If I can help you get set up with Mint.com, let me know.
So far, we’ve covered — and you’ve accomplished — a lot.
Congrats! I think it’s critical to acknowledge the importance of what you’ve done if you followed along with me.
At this point, you’re hopefully working with a qualified family law (divorce) attorney to help you with the legal aspects of divorce. And ultimately, with your attorney’s help, you’ll be drafting or presented with a divorce settlement agreement.
Your attorney is the best person to rely on here, but in addition, here’s a checklist to help you evaluate a divorce agreement:
This checklist might prompt you with additional questions to clarify with the help of your attorney.
I hope you found these checklists and worksheets helpful.
Beyond getting your finances organized in the context of divorce, many women are interested in learning more and achieving a better understanding of money and how it can be used as a tool to support your lifestyle today and long-term.
If at any time you have any questions or would like me to write about a specific topic, simply get in touch and let me know.