Posts Tagged ‘finances in divorce’

7 Money Mistakes to Avoid During a Divorce

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Divorce can easily become an expensive process, especially for one that lasts months or years. It can become tempting to radically change things about your life and living situation during the divorce process, but there are some changes you shouldn’t make or should make with extreme caution. Here are 7 money mistakes to avoid making during your divorce: Making Rash Financial Decisions You’re going to have to live your life in the midst of a divorce, and that means spending money. Spending money on food, daily necessities, even vacations and gifts is fine, but there are some money decisions you…Read More »

4 Important Reasons To Not DIY Divorce

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You and your spouse have decided you’re ready to divorce, and you have come to an amicable agreement about everything you can think of – child support, child custody, division of property. It can be tempting to file all the divorce paperwork on your own, saving the money you would spend on an attorney. Before you do that, here are 4 important reasons to not get a do-it-yourself divorce: Know Your Rights All the anecdotal evidence in the world cannot trump truly knowing your legal rights when it comes to child custody, child support, alimony, and division of property and debts in…Read More »

How Lying About Your Finances in Your Divorce Can Hurt You – And How You Can Avoid Problems

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Finances can be one of the main points of contention in a marriage – and in a divorce. In contested divorces, and even in some uncontested divorces, each party is required to fill out and file a financial affidavit with the court. This is a self-reported document that includes information such as income, assets, average expenditures, and debts. It helps all parties get an idea of where final assets and debts should be distributed upon final separation. Because these documents rely solely on self-reported figures, there can be the temptation to fib a little – or a lot – about…Read More »