Monthly Archives: July 2011

5 Major Financial Mistakes to Avoid When Getting Divorced or Separated – Part 5 of 5

5.  Hiring the most expensive attorney you can find Just because you should hire an attorney to handle your divorce, doesn’t mean it has to cost you every last penny. Many people tend to think that the more expensive a … Continue reading

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5 Major Financial Mistakes to Avoid When Getting Divorced or Separated – Part 4 of 5

4.  Forgetting to change your will and insurance policies In order to truly break free from your ex-spouse, once you are divorced, you should at least review your estate planning documents. Chances are that your ex-spouse is named a beneficiary in … Continue reading

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5 Major Financial Mistakes to Avoid When Getting Divorced or Separated – Part 3 of 5

3.   Keeping the family home While staying in the family home may seem like a good idea, either to provide some stability for the children during an already tumultuous time, or to avoid an added hassle or expense of having to find … Continue reading

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5 Major Financial Mistakes to Avoid When Getting Divorced or Separated – Part 2 of 5

2.    Keeping joint credit cards and loans Once you decide to go your separate ways, it is also time to separate your finances too. Consider closing joint accounts or accounts in which your soon to be former spouse is an authorized user. If possible, … Continue reading

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