Yes, the title of this article is 4 major divorce mistakes to avoid.  And I know your reaction is “really… are you sure there are only 4?”

Focus …. You Need Focus

Divorce is a long, involved process that is emotionally and financially draining.  The challenges along the way can be daunting and many people find it easier to agree to any terms presented to them, no matter how potentially disadvantageous, just to get  the divorce process over quickly.


Focus is key in avoiding this pitfall.


How do you keep your eye on the ball, so to speak?  It is important to have a plan - more specifically a financial plan so you keep all of your moves and actions in line with your end goal.  A plan helps you avoid mistakes that could negatively affect your future.

By engaging the services of Kimberly Surber, Certified Divorce Financial Analyst®, I help make the process easier for you and your divorce attorney by helping you review your options and understand how your financial decisions impact your future.

Mistakes to Avoid During the Divorce Process

Mistake 1: Being Unprepared

This might seem like an unfair statement, because really, how do you ever prepare for a divorce?  It’s not as if you go into a marriage with the thought of its dissolution constantly at the back of your mind.  


However, there are ways to prepare so you are better equipped to handle the “process of divorce”.  How do you do this?


Have your own money.  Even if you are not considering divorce, it is always best to be in control of your own finances.  This includes maintaining a bank account and credit card under your own name. If divorce is imminent, setting aside funds for expenses as soon as possible is important.


Have your own copies of financial documents.  This includes tax returns, financial statements such as bank and brokerage account statements, credit card statements, loan applications, wills and trusts, list of insurance and corresponding policies, vehicle titles, property deeds and similar documents.  

And keep in mind, it doesn’t matter whose name is on the account. It is still considered  community property and you need to have documentation of the account.

All of these will be required by the courts during the divorce process.  Additionally, these records help your Certified Divorce Financial Analyst Ⓡ when you make your financial plans for the future.


Mistake 2: Not Sticking To A Budget.

When you are used to a certain lifestyle during a marriage, it can be difficult to adjust to new changes in spending habits.  However, budgets are there for a purpose and could spell the difference between bankruptcy and a financially secure future.


Mistake 3:  Being Uninformed

“What you don’t know won’t hurt you.”  In this case, what you don’t know has the potential to hurt you and your future.  The best way to protect yourself is to arm yourself with knowledge.


Your lawyer will guide you through the legal matters and your Certified Divorce Financial AnalystⓇ will help you through all the financial issues.  Together we can keep you informed of your options, but it helps that you are aware of things that could affect your future.

Know what you own and what you owe.   Again, knowing this information will help in understanding options and drawing up the divorce settlement.

Understanding your assets. Knowing which things are included as assets during divorce, how assets are classified, and how they are affected when talking about division of assets and property is important.

Separate property, for example, are those assets acquired before the marriage.  Separate property can also include inheritance and gifts from people other than your husband.  These are not included in the division of assets.  Having a list of what you own separately will ensure that these assets remain solely yours.


Community property are those assets that are jointly owned or acquired during marriage and thus are subject to the laws governing division of assets.


Division of assets can be complicated.  Having some understanding of what you are entitled to will help protect you as you go through the divorce process.

Mistake 4:  Being Short Sighted.

Some things might seem like a good idea initially but might not be financially beneficial in the long run. Therefore,  it is important to analyze how your decisions will affect your future financially, not only in the short run, but many years down the line.


For example, you may have an emotional attachment to the family home because that is where you raised your children and you’d like to stay there.  However, if the mortgage and maintenance of the home is not affordable for you, then it may be a better choice to sell it to preserve your financial stability.

This is where the services of a Certified Divorce Financial AnalystⓇ become really helpful. A CDFAⓇ is able to present to you financial implications of various settlement options so you are able to choose what you think will be best for your individual circumstance, short term and in the future.

Let Kimberly Surber Divorce Planning Help You

During this critical period, Kimberly Surber will help you keep focused so you can have the opportunity to take control of your financial life and be successful as you move forward.


Here is how she can assist you to help you transition successfully:

  • Help in completing your financial statements – listing income, expenses and all assets/property, which are required by the courts.

  • Guidance in preparation of a realistic budget

  • Help in understanding important matters such as child support, alimony and separation of assets and liabilities

  • Presentation of alternative settlement options and help in understanding the financial ramifications of each of these options


Call us today for a free consult: 907-347-3860

Tags: divorce planning, divorce help, divorce finances, divorce assets, divorce budget, divorce mistakes, 4 Major Divorce Mistakes To Avoid

This information is not intended to be a substitute for seeking legal advice from an attorney. For legal or tax advice please seek the services of a qualified attorney and/or qualified tax professional.

Let's Talk About Your Divorce 
Call Me Now For A Free Consult

Gaining Financial Empowerment Now...

And For The Future

Kimberly Surber

Certified Divorce Financial Analyst®

Serving Riverside County, San Diego County


Kimberly Surber is a Certified Financial Planner®  and a Certified Divorce Financial Analyst®; however such registration does not imply a certain level of skill or training and no inference to the contrary should be made. Information presented is for informational purposes only, does not intend to make an offer or solicitation for the sale or purchase of any securities, and should not be considered investment advice.  Kimberly Surber has not taken into account the investment objectives, financial situation or particular needs of any individual investor. There is a risk of loss from an investment in securities, including the risk of loss of principal. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable or suitable for a particular investor's financial situation or risk tolerance. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed here. Past performance is not indicative of future results. Investments involve risk, including loss of principal and unless otherwise stated, are not guaranteed. Information provided reflects Kimberly Surber's views as of certain time periods, such views are subject to change at any point without notice. For a copy of our Privacy Policy, see below.

Kimberly Surber provides informational articles not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation. Kimberly Surber is not responsible for the consequences of any decisions or actions taken as a result of information provided in these articles and does not warrant or guarantee the accuracy or completeness of the information requested or displayed. External Links are not affiliated with Kimberly Surber.

The Women’s Choice Award Financial Advisor program was created by WomenCertified Inc., the Voice of Women, in an effort to help women make smart financial choices. The program is based on 17 objective criteria associated with providing quality service to women clients such as credentials, experience and a favorable regulatory history, among other factors. Financial advisors do not pay a fee to be considered or placed on the final list of Women’s Choice Award® Financial Advisors, though they may have paid a basic program fee to cover the cost of a client survey through Advisor Impact. The inclusion of a financial advisor within the Women’s Choice Award Financial Advisor network should not be construed as an endorsement of the financial advisor by WomenCertified or its partners and affiliates and is no guarantee as to future investment success. Women’s Choice Award® Financial Advisors and Firms represent less than 1% of financial advisors in the U.S. As of February 2016, of the 783 considered for the Women’s Choice Award, 122 were named Women’s Choice Award Financial Advisors/Firms.

Privacy Policy

©Kimberly Surber. ALL RIGHTS RESERVED ; website created by AmpUrBiz