What are the most common financial mistakes made during divorce?
During a divorce, the most common financial mistake that we see is when a partner or a spouse has no idea what their partner is racking up in debt. For example, a credit card debt is a kind of debt that both a husband and wife are liable for, they both have to cover it. During the divorce proceeding, if your credit card debts rack up to 20, 30, 40, 50,000 dollars, you are responsible for 50% of that credit card debt. So, you have to be mindful and open your eyes to what your spouse is spending on a credit card before or during the divorce proceeding.