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How you should handle debt when you divorce

Many spouses who divorce cite financial woes as one of the reasons for their split. It's not uncommon for spouses to engage in financial infidelity, whereby they make more or less than their partner is aware. Husbands and wives may also secretly take out credit cards or loans without telling their spouse. All of this can make for complex negotiations when a couple divorces.

3 tips for preparing your finances ahead of divorce

If ending your marriage is inevitable, fragile emotions will often wage war with common sense, so it helps to adopt a business-like attitude. Your primary goal is to come out of the divorce with a secure future, but your financial situation may seem overwhelming. The more familiar you are with your current income, liabilities and assets, the easier it will be to create a plan for your post-divorce life.

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