Top Money Mistakes in Divorce

Here’s a nice article on Top Financial Divorce Mistakes from Forbes.com.

Here are some of the mistakes the author, Leah Hoffman, names:

  • Having unrealistic expectations
  • Not communicating (with your spouse and your lawyer)
  • Getting into an endless battle
  • Getting hung up on the numbers (for example, believing that the financial split must be exactly equal)
  • Focusing on the present and not on the future
  • Forgetting to account for taxes
  • Overlooking important information (for example, about retirement plans, assets, and (I would add) all the debts and who owes them)
  • Staying too entangled financially with your ex-spouse
  • Failing to allow time for a dormant career to get back on track
  • It’s a nice list.

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