Great advice for every client to consider. Too often clients want to get through the divorce process spending as little money as possible to the neglect of their financial best interest. For example, some clients choose to agree on the value of real estate in order to save $350 to $500 on the cost of an appraisal which in all likelihood would result in a financial gain, for one party or the other, far in excess of the cost of the appraisal.
The two things that people worry about most in divorce are their money and their kids. Unfortunately, worrying about money doesn’t prevent those same people from making enormous financial mistakes in divorce.
Here are a list of the top financial mistakes people make in divorce. If know them, you can (hopefully) avoid making them yourself.