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Don't make these 4 divorce mistakes

For most, divorces are emotionally unsettling, as they require dredging up unhappy memories and recalling events that caused the parties unhappiness. There can be a tendency to remove oneself from the process as much as possible, but to do so would be detrimental.

Below are some major mistakes to avoid during your divorce.

-- Not knowing what all of the marital assets are and how to access them. If you don't know what all exists, how can you receive your fair share of everything? You can't.

-- Not having a plan prior to negotiating. You have to know what it is that you want in order to successfully pursue it during negotiations or in court. Determine which assets are worth fighting for and where you can concede.

-- Lacking a strong legal team and financial advisor. Often, attorneys can recommend forensic accountants to scrutinize a spouse's financial affairs or suggest a financial planner to prepare you for your adjusted circumstances.

-- Agreeing to terms or expecting an outcome that is not specified in the divorce judgment. Never depend upon an ex's good will. Everything needs to be delineated in the judgment or it is unenforceable and can become a big problem later.

Divorces can be complex and bewildering to those in the throes of splitting up. When there are minor children involved, the complications increase. Make sure that you have a clear understanding of any proposals made to you by your soon-to-be ex-spouse or his or her attorney.

To ensure that your interests are fully represented in the matter, make sure that you retain your own trusted counsel.

Source: Daily Finance, "3 Worst Financial Mistakes You Can Make in a Divorce," Kathryn Tuggle, accessed Nov. 25, 2015

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