Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Guy Buys $123 Safe on eBay, Finds $26,000 Inside Seller tries to get half the cash back, fails »

Don't Break Your Bank Account, Too

Divorce is never easy, but you don't have to go broke in the process

By Sophie Goldstein,  Newser User

Posted Oct 7, 2007 2:33 PM CDT

(Newser) – Don't let emotional pain cloud your judgment on financial matters—you may both end up the poorer for it. Here are five divorce pitfalls to avoid, from USA Today:

  1. Clinging to the house if you can't afford the upkeep.
  2. Not making a clean break on joint accounts.

  1. Depending on your ex to pay the mortgage if it's in both your names.
  2. Forgetting to revise your will as soon as the divorce goes through.
  3. Overlooking tax considerations when deciding on alimony vs. child support payments and splitting up retirement and bank accounts.

  (Index Stock (http://www.indexstock.com))
  (Index Stock (http://www.indexstock.com))
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

More Newser Stories

15 Things That Raise Your Chance of Divorce

Men More Likely to Abandon Sick Partners

Actually, You Can Buy Me Love

Women Tower in Buffett's Biography

Her Least Favorite Things


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne