310: 7 Financial Mistakes to Avoid in Divorce (And How to Protect Your Wealth)

Divorce is one of the most financially complex transitions many people will ever navigate. And the decisions you make during this process can affect your financial stability for decades. In this episode, I'll walk you through 7 guiding principles to help you protect your finances during divorce and avoid costly mistakes, including: Why you shouldn’t rush major financial decisions How assets are really divided under state law Why taxes can quietly create imbalance What documents you need to gather early How to avoid “crowdsourced” financial advice Why stability after divorce matters more than speed Divorce isn’t just the end of a relationship — it’s the unwinding of a financial partnership. With thoughtful planning, it can also be the beginning of long-term clarity and independence. If you’re navigating divorce or thinking about it, this conversation is for you. Key Takeaways 1:20 Introduction 1:50 Principle #1 – Take It Slow 2:44 Principle #2 – The Details Matter 4:27 Principle #3 – Understand Before You Agree 5:40 Principle #4 – Taxes Change What’s Equal 6:36 Principle #5 – Gather Documents Early 7:39 Principle #6 – Get the Right Advice 8:43 Principle #7 – Focus on Stability 9:22 Final Thoughts Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/7-financial-mistakes-to-avoid-in-divorce/ Follow Hilary on: LinkedIn Instagram YouTube Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.