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

willis9 Wrote: Jan 23, 2013 4:03 PM
Anyone thinking about divorce should stash some cash every pay period where there is no public record of its existence, if you work things out then keep putting a little more into the rainy day fund anyway. Be prepared.

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...