Couples often make mistakes when separating and as a result waste a lot of money. Financial experts say there is a way to take stock of your finances and assets when you are ending a marriage.

Here are some tips from Ginita Wall, a certified public accountant in San Diego who specializes in divorce:

1. Don’t hang on to the house at all costs. It could put you in a precarious financial situation.

2. Make a clean financial break. Close joint accounts and get a credit report.

3. Change your will and beneficiary forms.

4. Don’t overlook taxes.