1. Assuming that a 50/50 division of property is usually a fair settlement. 2. Seeking financial advice from someone whose expertise is the law. 3. Keeping the house when you can't afford to. 4. Failing to guarantee alimony and child support payments with life insurance on the life of the person who is supposed to pay. 5. Not providing for the spouse who receives alimony or child support to be certain that the life insurance is kept in force. 6. Looking at only the imediate short-term financial consequences of the divorce. 7. Waiting until after the divorce to explore your health insurance options. 8. Failing to define in detail what a 50/50 split of a pension means. 9. Each spouse just "keeping their own" 401k plans. 10. Not understanding that under specific circumstances, some retirement assets can be spent before age 59 1/2 without a 10% IRS penalty.
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