Mistake #1: Taking action without obtaining legal advice.

Divorces are full of financial pitfalls. A skilled family lawyer can help you avoid them.

Mistake #2: Moving out of the matrimonial home.

The decision to move out of the matrimonial home is a major one. You should not move out until you consult with your lawyer and consider all the facts of your case. By moving out, you could prejudice your right to possess the home or to have custody of your children.

Mistake #3: Failing to realize the importance of the status quo.

One of the most important concepts in family law is that of the status quo. The courts are loathe to change the way things are going, unless it is clear that there is a big problem. For instance, if you make payments to your spouse without a court order, it will become difficult to convince a court that you cannot afford to continue making the payments.

Mistake #4: Making decisions while you are depressed or upset about your divorce.

A divorce is a very emotional and difficult time. If you make decisions when you are depressed or upset, you can easily make bad decisions. Try to make important decisions only when you feel strong.

Mistake #5: Getting divorce advice from family and friends.

No doubt you will hear a lot of urban legends about divorce law. Many of them are not correct. While your family may have good intentions and want to help you, that does not change the fact that many things they tell you may not be accurate. Just because your friend got the house in his or her divorce does not mean that you will too. The only reliable source of divorce information is your lawyer.

Mistake #6: Using your divorce to punish your former spouse.

Not only will this cost you a bomb, but it will also hurt you and your children a lot.

Mistake #7: Failing to think strategically.

Thinking strategically means deciding what is worth fighting for and what is not worth fighting for. It may be too expensive to fight about everything with your former spouse. You also have to decide how much you are willing to pay to fight for your assets. It does not make sense to spend $5,000 in legal fees to get $1,000 more in your divorce settlement.

Mistake #8: Being generous to win back your spouse.

This does not work. If your marriage is over, no amount of generosity will win your spouse back.

Mistake #9: Failing to keep a journal.

In a highly contested case, the details of what has happened can be particularly important. A journal that contains all the daily events surrounding the divorce will be invaluable when you want to remember what has occurred.

Mistake #10: Overlooking the mediation option.

Mediation is where you and your spouse, together with a mediator, discuss the issues you face in hopes of reaching an acceptable agreement. The mediator is a neutral third party who helps you and your spouse work towards a reasonable solution of the issues in your divorce. In many cases, mediation may be the quickest and cheapest way of reaching an agreement with your spouse. And because it happens so quickly, you avoid much of the emotional trauma that you and your children might otherwise have to endure.

Mistake #11: Failing to obtain security for support payments.

If your former spouse dies, what will you do without the child support payments you were receiving? Getting appropriate life insurance can make all of the difference..

Nicolas Cage sues former business manager for $20 million

LOS ANGELES (AP) – Nicolas Cage sued his former business manager for $20 million on Friday, claiming bad advice and mismanagement led him toward financial ruin . Cage filed the lawsuit against Samuel J. Levin and his firm. "Instead of protecting and preserving Cage's wealth during one of the greatest economic periods in the country's history, Levin placed Cage in numerous highly speculative and risky real estate investments, resulting in Cage suffering catastrophic losses," the lawsuit stat

Khloe and Kourtney Karsashian: Robertson Romp

Getting in some quality sister bonding time, Khloe and Kourtney Kardashian were spotted out and about in Los Angeles yesterday (October 15). The “Kourtney and Khloe Take Miami” stars filmed a segment of their reality TV show at the Newsroom Café on Robertson Boulevard as the paparazzi looked on. As for Khloe’s prenuptial agreement with Lamar Odom, it sounds like she’s making some high demands before she signs her name to the dotted line. According to a report, Ms. Kardashian is deman

When You Are The World’s Biggest Narcissist Criticism Is Hate

Watch CBS News Videos Online Telegraph UK : Barack Obama’s silly obsession with Fox News by Toby Harnden David Axelrod, then Barack Obama’s chief campaign strategist, put it best when he told his boss: “You care far too much what is written and said about you.” That was in 2006 but, three years on, some things don’t change. Obama is President of the United States. His party controls both houses of Congress. And, yes, he just won the Nobel Peace Prize. But Obama still can’t shak

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Jon Gosselin Wipes Out Bank Account, Seeks To Destroy Kate Plus 8

Everybody's favorite douche, Jon Gosselin, has had a banner week! For those who didn't know, TLC finally took Jon up on his efforts to get booted from his contract; well, sort of.  What they did was announce plans to keep Jon muzzled by removing him from Jon & Kate Plus 8, but maintaining their exclusivity over his, er, talents.  Obviously this did not settle well with free-wheeling Jon. First, he took action to drag out his divorce from Kate, which should have been finalized last month. N

How To Stop Your Divorce

For many people like you who have a marriage that is falling apart, one of the most important things you can do is to stop your divorce. You will need to find a way to learn how to get back into the… Writers Wanted: Join Our Blogging Community Today!

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Jon Gosselin Empties Joint Bank Accountby Elizabeth Fairview  |  October 5th, 2009 Jon Gosselin went on a spending spree. (Superficial Images)Jon Gosselin recently went on Larry King Live to talk about how the Gosselin family only made a million bucks from Jon and Kate Plus Eight, while TLC sat pretty with about a $186 million pull. He also claimed that he wanted the kids off the show, before the show "swallowed" his family. Bit late, Jon. On the same day as Jon's Larry King appearance, Jon emp

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