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Contemplating a Divorce: What Should You Do to Protect Yourself Financially?

muhl Wrote: Feb 10, 2013 2:44 PM
I consider myself fortunate. My first wife burned me for a shade less than $1000. My second wife blessed me with a small pension. Considering my present condition, I doubt that I will marry for a third time. All for the best, though, since relationships are tentative at best. ;-)

Dear Carrie, My sister is contemplating a divorce. She's always worked part-time but has pretty much let her husband handle the money. She also has two kids under 10. I'm worried and want to help. Do you have suggestions for how she can protect herself financially? --A Reader

Dear Reader, When facing a divorce, emotions often cloud financial judgment, so your sister is lucky to have someone like you to help her think clearly. She could have to deal with some potentially contentious issues, such as division of assets, payment of outstanding debts, spousal and child support -- all of which...