Divorce can have hidden financial and emotional consequences. Knowing your full financial situation right from the start will help proceedings. Also, having some emotional support while you go through this tough time can help you from making a bad situation worse.
Big payments on credit card debts, student loans and mortgages eat away at how much you can save or invest. A sense of obligation or even guilt can dissuade people from opening an investment account and funding their retirement portfolios before these debts are paid off. That could be a costly mistake.