WSJ Your Money Briefing The Most Expensive Mistakes You Can Make in a Divorce
8 snips
Jun 10, 2025 
Join WSJ contributor Joann S. Lublin, an expert on divorce-related financial pitfalls, as she shares crucial insights to avoid costly mistakes during separation. She discusses five major financial traps that can derail your post-divorce life, including the dangers of hidden assets and mismanaging cash flow. Lublin emphasizes the importance of understanding both liquid and illiquid assets and highlights the emotional complexities of divorce, suggesting it should be approached with a clear, business-like mindset.
AI Snips
Chapters
Transcript
Episode notes
Emotions Drive Divorce Costs
- Divorce's high cost stems from emotional turmoil prolonging the process.
- This extended duration increases legal fees significantly.
Plan Realistic Post-Divorce Budget
- Before finalizing divorce, realistically project post-divorce cash flow and expenses.
- Prepare for single-person expenses and possibly maintaining separate households.
Prevent Hidden Assets in Divorce
- File for divorce promptly to reduce chances of hidden assets.
- Hire a private investigator or forensic accountant if you suspect assets are concealed.