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Financial mistakes to avoid during a divorce

States in the Northeastern United States, including New Jersey, have some of the lowest divorce rates in the country, according to the U.S. Census Bureau. That statistic can be partly attributed to the fact that people tend to marry later in life in New Jersey when compared to other states. 

Signs your spouse may be hiding assets

One sneaky tactic that your spouse may use as financial protection during your divorce is hiding assets. Many people in New Jersey resort to hiding assets before and during their divorces, not realizing that it is illegal and unethical for them to do so. Many of them also do not understand how it impacts the property division process. Your divorce situation may already be stressful enough without you having to worry about your spouse trying to cheat you out of your fair share of the marital property and assets. 

Changes to insurance policies during divorce

You have made it this far. You have split the debt and the assets, determined a child custody arrangement that works and are ready to sign the divorce decree. Before you put the pen to paper, there is one thing you may not have considered. Have you changed your insurance policies?