What are the most common financial mistakes made during divorce?
One of the most common mistakes I see in a divorce are people not knowing that their name is on a credit card or thinking that because they have an agreement with the spouse that spouse will pay that credit card or that liability, that somehow they will not be liable for that if the spouse does not pay it. When you enter into a contract with a credit card company or with a bank for a loan, you are promising that you will pay that document. You are promising that you will pay that bill. If you don’t pay it, you will get in trouble with them, no matter what your divorce says. That is one of the common financial mistakes.