How a Simple Divorce Checklist Can Keep You From Making These 10 Common Mistakes

Written by: Karen Covy; Article provided by: huffingtonpost.com

Here are 3 common mistakes that you can avoid by having a simple divorce checklist:
  1. Having to Be Responsible for Debts You Forgot About (or Didn’t Know Existed) — There is nothing worse than finding out months (or years) after your divorce is over that you have a credit card bill in your name that was never dealt with in your divorce. 
  2. Having Your Spouse Read Your Personal Mail — While your spouse has a right to open mail directed jointly to the two of you, as you separate you are going to start getting mail (for example, letters from your attorney) that you won’t want your spouse to read. 
  3. Having Your Spouse Cyber-Spy On You — In the flurry of changing everything in your life when you divorce, it is easy to forget that your spouse probably knows (or can figure out) the passwords to all of your email, social media and other online accounts.

7 Little-Known Financial Benefits of Divorce

Written by: Maryalene LaPonsie; Article posted on: money.us.news.com

  1. Easier budgeting and greater control over money. The end of a marriage can mean the end of fights over money. There is no more struggle over which categories get priority in the budget; no more evenings spent cajoling or pleading with a spouse to rein in spending. 
  2. Early access to a retirement fund, penalty-free. A divorce is one of the few times a person can pull money out of a retirement account early and not pay an early withdrawal penalty. When an agreement known as a qualified domestic relations order is reached as part of a divorce, it allows for an early withdrawal from the account. 
  3. Potentially better investment returns. Divorce could mean better investment returns.