5 Costly Mistakes That Can Sabotage a Parent’s Divorce Settlement
By Rosalind Sedacca, CCT When the emotional turmoil of divorce enters your life, it can be hard to focus on the crucial details revolving around financial issues. However, if you are not pro-active in covering your short and long-term financial needs, you can suffer the consequences for decades to come. Here are five mistakes to avoid when negotiating through your divorce. 1. Becoming a Financial Victim. Take the initiative. If a separation or divorce may be in your future, don’t wait. Be sure to make copies of all your important financial records. Include all account statements and other documents -- banks, checking accounts, credit cards, real estate mortgages, stocks and bonds, tax returns, wills, life insurance, etc. If there’s a chance your spouse may liquidate or re-title any marital assets, immediately notify the holder in writing and get a restraining order from the court. Keep your eye on the cash

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