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Why is recordkeeping important?

recordkeeping
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Why is recordkeeping important?

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You will have to produce records of your total income, whether from wages, fees or investments, and all of your assets, and furnish a complete list of debts and liabilities, including amounts required to meet all installment payments. Keep complete notes regarding all living expenses for yourself and for any children or other dependents. When not able to state exact expenses, you should make your best reasonable estimate. Always attempt to be fair to yourself as well as your spouse. A wife will certainly get no more than she asks for, but ought not to ask for either more or less than she reasonably needs. Keep in mind the fact that judges are very experienced in these matters and will quickly recognize exaggerated demands. Back to top.

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