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January 12, 2011
Heading for a Divorce? First, Get Your Finances in Order
Editor’s Note: This is the first of three-part series that will cover five key financial steps to take before entering divorce negotiations. Part One covers the first of the five steps: checking your credit report.
Getting a divorce can be traumatic. It’s an ordeal that can take a financial and emotional toll on everyone involved. Even when the intent is to have a “friendly,” nonconfrontational divorce, both parties must make sure they’re doing everything possible to protect their financial futures. But quite often, people in the midst of a divorce don’t know which financial decisions will serve their long-term interests best.