You're about to settle your divorce and you're certain you thought of everything, right?
You remembered to include the San Francisco 49er season tickets and your spouse's coin collection in your tally of assets. But did your lawyer discuss with you these financial consequences of divorce?
1) You will lose your health insurance. Once the divorce is final and you're no longer a dependent, your spouse is no longer legally able to carry you on his policy because you have ceased to be a dependent. As such, be sure to include this additional cost in your calculation for spousal support. By the way, your children can still receive coverage.
2) You may be entitled to Social Security benefits. If you were married for more than 10 years, are at least 62 years of age, and if you weren't the "breadwinner" during your marriage, you may be entitled to receive Social Security derivative benefits. Talk to your lawyer about this.
3) The courts want you to become economically self-sufficient. Even if you are awarded spousal support, you still need to make "reasonable" attempts at finding employment. This law also applies to spouses with small children.