Tag Archives: divorce and money issues

Prenuptial Agreements v. Postnuptial Agreements

Most people have likely heard of prenuptial agreements, frequently referred to as “prenups.” These agreements are created and entered into with an aim to reduce conflict and ensure that issues such as property division and debt allocation are handled smoothly … Continue reading

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Social Security Benefits and Divorce

Divorces are never easy but can be even harder financially on elder persons, particularly when one spouse worked but the other one stayed home, worked part time, or just earned significantly less than the “bread-winner” spouse. Luckily, the spouse who … Continue reading

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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 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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