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NEW YORK (CNN/Money) - Making plans to preserve your assets in case of a divorce may not be very romantic. But with half the population headed for divorce court after a trip down the aisle, it's not such a bad idea.
Marriage, like diamonds, is supposed to be forever. That notion invites couples to become lax when it comes to their own financial independence. In many marriages, one partner leaves financial details in the hands of the other spouse. Bad move, experts say.
"The legal process of a divorce has an ending and people can even get over the emotional strain of dealing with a divorce," said Fadi Baradihi, president of the Institute for Divorce Financial Analysts. "But once you sign a financial divorce settlement you will have to live with that decision for the rest of your life." |