A divorce is usually a time of great instability. Almost everyone involved in the process is said to go through a tremendous personal change to come out as a different person at the other end. Amid the emotional crisis and the ensuing paperwork, it is customary to forget to take care of some crucial details, especially when it comes to finances. Throughout the marriage, you and your spouse must have made financial investments together. It is not always obvious how to share these assets equitably. Decisions made in the heat of the moment without considering your future income and expenditure can have lasting implications. Here are some of the most common financial mistakes spouses make during a divorce, and how to avoid them. It is best to discuss these with a qualified professional such as a divorce attorney for detailed info. Not Keeping an Eye on Joint & Individual Finances This is not a healthy marital practice. Always calculate how much you and your spouse have invested financially in the marriage by all parameters such as a personal source of income, joint expenditure, investments, and so on. If you let the other person handle this, it will put you at an unfair advantage. In a worst-case scenario, you might miss out on calculating assets that your spouse has kept hidden, which is illegal. You are entitled to your ex’s employer-funded pensions and investments. Work benefits, company shares, and 401(k)s are all subject to division. Remember to include your spouse’s investments when predicting and calculating your earnings from the divorce. Underestimating your Expenditure Post-divorce Since you’ve yet to experience a life without your partner, you might overlook aspects such as a fall in overall income and an increase in personal spending after divorce. Make sure you calculate these factors beforehand, preferably…