One of the more interesting things I read recently on Forbes had to do with whether or not you should have a “secret” fund of money in case of divorce.
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It’s common for a couple going through a rough patch to think that divorce will make them happier. But the truth is that’s not always the case.
There's a theory that the divorce rate is so high these days because more women were in the workplace now than in the last few decades.
While the fairy tale of marriage is two people living together happily ever after, the simple fact is, that is not often the case. Money disputes are the number one reason why couples fight and get divorced. If you were not involved in the finances as much as you should have been, you may find that your spouse was secretly adding to your credit card balance or not paying bills in a timely manner.
If you are going through a split, it's important to make sure you close join accounts -- and accounts where your soon-to-be ex is an "authorised user." Otherwise, you might find yourself saddled with someone else's debt.
Divorce is a painful time for everyone and it's not just emotional pain felt. The financial costs of divorce can vary depending on your situation but if you want to do it right, you'll need a good divorce lawyer.