March 2011

Financial Mistakes during Divorce

Divorce can be very financially bad for a family.  Two separate households increases the family’s bills substantially.  Double the utilities and housing payment.   That alone can break a family. Unfortunately, many families that are getting divorced had financial problems during their marriage which help lead to the divorce.   One or both spouses spent irresponsibility or the parties didn’t communicate about money.  The following a few financial mistakes made by individuals getting divorced.

1) The Marital Residence