Don't Screw up Divorce

The podcast episode focuses on the tax implications of divorce settlements and the impact of tax laws on financial outcomes. It emphasizes the importance of considering tax implications when structuring divorce settlements. Takeaways Tax implications significantly impact the financial outcomes of divorce settlements. Incorporating tax planning into divorce settlements is crucial for achieving fair...

The podcast discusses the complexities of divorce for business owners, focusing on the valuation and division of the business, cash flow vs. income, structuring the buyout, future earnings, and the impact on partners and stakeholders. It emphasizes the need to coordinate business and personal financial planning and addresses frequently asked questions about business ownership in divorce. Takeaways...

The podcast episode discusses the topic of dividing retirement accounts in a New York divorce without derailing the retirement plan. It covers the importance of careful financial planning, the tax differences between different types of retirement accounts, the valuation of defined benefit pensions, the use of qualified domestic relationship orders (quadros), and the need for modeling the long-term...

This episode discusses the topic of hidden assets in a high net worth divorce, exploring how wealthy spouses conceal money and how forensic accountants find it. It also covers the importance of the net worth statement, the role of forensic accountants, and the significance of information in high net worth divorces. Takeaways Hidden assets in a high net worth divorce can be the result of deliberate...

The podcast episode covers the topic of equitable distribution in divorce, focusing on the 50-50 divorce myth, the difference between marital and separate property, statutory factors for equitable division, the real value of assets, liquidity as a driver of settlement quality, marital waste, trading across asset categories, and understanding equitable distribution. The host, Fabian Degen, provides...

The podcast discusses the complexities of high net worth divorces and the importance of financial planning in addition to legal representation. It emphasizes the need for early involvement of a financial advisor or certified divorce financial analyst to ensure a favorable long-term financial outcome. Takeaways Financial planning is crucial in high net worth divorces Early involvement of a financia...

The podcast episode discusses the pre-divorce financial checklist that every high-asset spouse should consider before filing for divorce. It covers topics such as taking a full inventory of assets, proving pre-marital assets, managing debt and accounts, understanding household cash flow, building the necessary team for a high-asset divorce, and the importance of quiet preparation and avoiding comm...

The podcast episode discusses the intricacies of New York's maintenance cap and its impact on divorce settlements. It covers the calculation, application, and implications of the maintenance cap, as well as the considerations for standard of living, income, tax, duration, financial modeling, negotiation, and client questions. Takeaways Understanding the maintenance cap is essential for building a...

The podcast episode discusses the concept of market downturns as opportunities and the strategy of dollar cost averaging. It explores the emotional reality of investing in a down market, the real cost of pausing investments, the failure of market timing, and the power of dollar cost averaging. It also delves into reframing mindset around market volatility and provides practical steps to stay the c...

The podcast discusses the decline of hard stop retirement, the evolution of retirement planning, the changing nature of work, forces driving the gray zone, benefits of partial retirement, the growing practicality of partial retirement, the gray zone as a legitimate path, variety in the gray zone, financial considerations for the gray zone, healthcare and cash flow planning, tax planning for the se...

The podcast episode discusses 10 tips for navigating a divorce affordably and with ease. It covers the cost of divorce, choosing the right process, open communication, do-it-yourself divorce, mediation vs. litigation, dividing assets, child custody and support, legal resources for affordable divorce, common mistakes to avoid, and financial planning after divorce. Takeaways Cost of divorce Choosing...

The podcast episode discusses the financial aspects of navigating divorce, emphasizing the importance of professional support and practical actions to reduce uncertainty. It covers the role of a CDFA, legal guidance, managing credit and joint accounts, creating a clear budget, building a financial roadmap, addressing key financial issues, and transitioning post-divorce with the help of professiona...

Navigating the divorce process in New York involves understanding the factors that influence the duration of the case, the differences between contested and uncontested divorces, the role of mediation and arbitration, common delays, and resources available for support. Preparation, proactive steps, and seeking professional guidance can expedite the divorce process and reduce emotional and financia...

The episode discusses the negative impact of the financial news cycle on long-term investors, emphasizing the need for intentional consumption and informed decision-making. It highlights the dangers of reacting to news and the keys to long-term investing success. Takeaways Financial news can create anxiety for long-term investors. Intentional consumption and informed decision-making are crucial fo...

The role of a Certified Divorce Financial Analyst (CDFA) is crucial in providing comprehensive financial planning and guidance during divorce. This episode dives deeper into what one can provide and why having one might be useful.