So you and your spouse have finally agreed on one thing: a divorce. Now that you have agreed to have as amicable a divorce as possible, it is important that you understand some basics about your combined finances that are about to be separated. In order to pay as few taxes and fees as possible on any capital gains or financial accounts the two may have, it is important to investigate your finances. In order to protect your assets, certain financial decisions can be agreed on in order to maximize the return on investments.
Since both you and your spouse agree, first look to your cash flow as individuals. One may have more incoming cash flow, so the other may need to sell assets in order to match assets of the other spouse. Think of the opportune time to sell these type of assets since you could be taxed after the fact if you do it after the divorce instead of while you are still married. This way you can avoid paying additional fees on the sale of asset accounts.