You can tell that a divorce is inevitable because of the way you and your spouse feel about one another. Maybe there's been infidelity. Perhaps you've grown apart over time. Whatever the reason, it's natural to want to start planning for your future without your spouse. Don't get ahead of yourself by making major financial mistakes as you head for divorce court.
As an artist, one of the things you need is your artwork. That work may have the potential to sustain you and bring in an income. It's your creative outlet, and it has meaning to you. Even though it may not seem to be valuable monetarily in some cases, art is an asset and may be part of the property division process if you go through a divorce.
When people think about divorce, they often think about who gets the home and child custody if there are minor children. Many people completely forget about one of the most important assets: retirement accounts.
No one likes to plan for a marriage to fail, but if you are an entrepreneur with a small business, you stand the chance of losing ownership in your company if you don't take certain proactive steps.