Mediate Michigan

A great article about the financial aspects of divorce can be found here.  Author Ron Lieber interviewed financial planners who have been divorced to get their input on avoiding financial missteps during a divorce.

Among their recommendations:

• When when interviewing lawyers, ask what they think of lower-cost mediation options and whether they have been trained to work collaboratively. How often do their cases go to trial and how many are they working on at any given moment? How do they bill?
• Once you’ve chosen an attorney keep the process moving along.
• When using attorneys minor squabbles can cost big bucks.
• Keep meticulous financial records and avoid making big decisions about investments, debt or other issues — even if that is the role you always played — without communicating with your estranged spouse.
• Be as detailed as possible in your divorce agreement about how certain financial issues will be handled.
• If you have children, living in close proximity to your former spouse may make good sense financially.
• Avoid overspending after the divorce, whether on yourself or your children.