Your Finances in Divorce: 7 Things to Know

Divorce is one of the biggest financial events of your life.

1. Get a complete picture of ALL assets -- bank accounts, retirement, investments, real estate, vehicles, and debt. Both of yours.

2. Know the difference between marital and separate property. What you brought in or inherited may be protected.

3. Do not close joint accounts unilaterally. Document everything first.

4. Social Security and retirement benefits may be yours if married 10+ years.

5. Track your expenses now for support calculations.

6. Update your beneficiaries immediately -- life insurance, retirement accounts, everything.

7. Your credit is your responsibility now. Open individual accounts and build your score.

What questions do you have about finances? Drop them below.

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