Divorce & Finances: Protect Your Future, Avoid Costly Mistakes

• Freeze your financial picture: List all accounts, assets, liabilities; secure access to joint accounts.
• Separate spending from survival: Create a basic survival budget for essential expenses; understand interim maintenance.
• Open independent accounts immediately: Redirect income, change passwords, review nominations.
• Be careful with joint liabilities: Push for formal loan restructuring or refinancing; do not rely on goodwill.
• Do not rush asset liquidation: Avoid hasty sales, understand capital gains tax implications before transferring or selling assets.