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Broke Up, Not Broke(n)™
Broke Up, Not Broke(n)™ episodes
- Handling Tax Debt in Divorce with Morgan AndersonJamie M. Lima and Morgan Anderson discuss the critical role of addressing tax issues during divorce. They cover tax debt responsibility, the innocent spouse rule, strategies to minimize tax burdens, and filing status considerations. Morgan shares a case study and offers final advice on managing tax issues.
Links mentioned in the show:
www.goldenliontaxsolutions.com/index.php (website)
https://a.co/d/3acGRfY (amazon book link)Morgan is also offering a 10% discount on her Business Insight Summit this summer. The summit is for business owners and entrepreneurs, and in just under two hours, attendees will walk away with over 40 actionable tips they can implement immediately! Use code SUMMIT10 at the registration website: https://www.goldenliontaxsolutions.com/essential-business-insight-summit
Disclaimer: The information on this site and podcast is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Woodson Wealth Management and Consulting Inc. and Allegiant Solutions LLC DBA Allegiant Divorce Solutions (referred to as “the companies”) disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement, and suitability for a particular purpose.
The companies do not warrant that the information will be free from error. None of the information provided on this website or podcast is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall the companies be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if the companies or a company authorized representative has been advised of the possibility of such damages.
In no event shall the companies have any liability to you for damages, losses, and causes of action for accessing this site or podcast.
Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.
(0:00) Introduction and welcome(0:13) Introducing Morgan Anderson(0:40) Importance of addressing tax issues in divorce(1:16) Morgan's background and experience(2:17) Responsibility for tax debt in divorce(3:12) Innocent spouse rule explanation(5:57) Strategies to minimize tax burdens during divorce(8:28) Filing status for the final year of marriage(10:50) Importance of working with a CPA(11:39) Tax credits and considerations for children(13:57) Case study of a divorcing couple with tax debt(18:44) Final advice on handling tax issues(19:40) How to contact Morgan Anderson22 min - Understanding Marital Assets, Debts, and Equitable DistributionJamie Lima delves into understanding marital assets and debts, the significance of the separation date, and the treatment of separate property. Learn about equitable distribution vs. community property, how to value marital assets accurately, and the importance of gathering relevant documents.
Disclaimer: The information on this site and podcast is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Woodson Wealth Management and Consulting Inc. and Allegiant Solutions LLC DBA Allegiant Divorce Solutions (referred to as “the companies”) disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement, and suitability for a particular purpose.
The companies do not warrant that the information will be free from error. None of the information provided on this website or podcast is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall the companies be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if the companies or a company authorized representative has been advised of the possibility of such damages.
In no event shall the companies have any liability to you for damages, losses, and causes of action for accessing this site or podcast.
Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.
(0:00) Introduction by Jamie Lima(0:29) Overview of marital assets and debts(1:06) Importance of understanding financial strategies in divorce(2:12) Explanation of marital property(3:13) Significance of the separation date(4:25) Treatment of separate property in divorce(4:50) Equitable distribution vs. community property(6:39) Case study on equitable distribution(8:49) Accurately valuing marital assets(10:11) Gathering relevant documents before divorce(11:23) Key takeaways and summary(12:15) Conclusion and call to action14 min - Finding the right financial adviser during and after divorceJamie M. Lima emphasizes the importance of choosing the right financial adviser during a divorce. He outlines his qualifications and the role of a CDFA®, shares a real-life example of financial misunderstandings, and offers guidance on post-divorce financial planning. He also covers how to verify an adviser's background, explains fiduciary vs. suitability standards, and provides tips on beginning the search and questions to ask potential advisers.
Disclaimer: The information on this site and podcast is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Woodson Wealth Management and Consulting Inc. and Allegiant Solutions LLC DBA Allegiant Divorce Solutions (referred to as “the companies”) disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement, and suitability for a particular purpose.
The companies do not warrant that the information will be free from error. None of the information provided on this website or podcast is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall the companies be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if the companies or a company authorized representative has been advised of the possibility of such damages.
In no event shall the companies have any liability to you for damages, losses, and causes of action for accessing this site or podcast.
Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.
(0:00) Introduction to the episode(0:21) Discussing the importance of hiring the right financial adviser(0:52) Jamie M. Lima's qualifications and background(1:37) The role of a CDFA® in a divorce(3:05) Real-life example of financial misunderstandings in divorce(5:09) Post-divorce financial planning assistance(7:28) Resources for verifying an adviser's background(9:26) Fiduciary standard vs suitability standard(11:12) How to start searching for a financial adviser(13:17) Questions to ask potential financial advisers(21:22) Closing remarks and upcoming episodes23 min - Effective communication and financial transparency in divorceThis episode covers the critical role of communication during divorce, drawing from Jamie's professional and personal experiences. It delves into emotional complexities, courtroom consequences of poor communication, and effective techniques like "I statements" and active listening. It also emphasizes transparency in financial discussions, gathering necessary documents, and the benefits of mediation.
Disclaimer: The information on this site and podcast is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Woodson Wealth Management and Consulting Inc. and Allegiant Solutions LLC DBA Allegiant Divorce Solutions (referred to as “the companies”) disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement, and suitability for a particular purpose.
The companies do not warrant that the information will be free from error. None of the information provided on this website or podcast is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall the companies be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if the companies or a company authorized representative has been advised of the possibility of such damages.
In no event shall the companies have any liability to you for damages, losses, and causes of action for accessing this site or podcast.
Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.
(0:00) Introduction to the episode(0:34) Importance of communication during divorce(1:07) Jamie’s professional background and personal experience(2:39) Emotional complexities affecting communication(5:24) Consequences of poor communication in court(6:18) Effective communication techniques: "I statements" and active listening(8:59) Transparency in financial discussions(10:57) Gathering relevant financial documents(11:38) Benefits of mediation and finding common ground(19:46) Call to action and closing remarks(20:03) Sponsor: Allegiant Divorce22 min - Documenting assets, understanding debts, and post-divorce budgetingIn this episode, Jamie introduces the crucial concept of financial assessments in divorce. He emphasizes the importance of documenting personal belongings, financial assets, income, and expenses. Jamie also discusses post-divorce budgeting and the necessary tools for financial inventory. Listeners are provided with a free inventory worksheet and information about upcoming episodes.
Disclaimer: The information on this site and podcast is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Woodson Wealth Management and Consulting Inc. and Allegiant Solutions LLC DBA Allegiant Divorce Solutions (referred to as “the companies”) disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement, and suitability for a particular purpose.
The companies do not warrant that the information will be free from error. None of the information provided on this website or podcast is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall the companies be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if the companies or a company authorized representative has been advised of the possibility of such damages.
In no event shall the companies have any liability to you for damages, losses, and causes of action for accessing this site or podcast.
Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.
(0:00) Introduction to the podcast and today's topic(0:54) Host introduction: Jamie M. Lima(2:14) Understanding financial assessments in divorce(4:08) Importance of documenting personal belongings and their values(6:13) Documenting financial assets and understanding debts in divorce(8:25) Documenting income and expenses(10:08) Post-divorce budgeting and cash flow management(12:07) Tools for financial inventory and budgeting(14:58) Recap and resources: free inventory worksheet and podcast subscription(15:39) Upcoming episodes and joining the Facebook support group(16:07) Closing remarks and gratitude for listeners.17 min - Navigating divorce: Emotional impact, building support, and becoming your life's CEOIn this episode, Jamie Lima shares insights on financial empowerment during divorce, discussing the emotional toll it can have on you, and the importance of a support network. He underscores the role of financial advisors and previews upcoming talks on asset division, support payments, and expense management. The episode wraps up by pointing out resources available on the Allegiant Divorce Solutions website.
Disclaimer: The information on this site and podcast is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Woodson Wealth Management and Consulting Inc. and Allegiant Solutions LLC DBA Allegiant Divorce Solutions (referred to as “the companies”) disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement, and suitability for a particular purpose.
The companies do not warrant that the information will be free from error. None of the information provided on this website or podcast is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall the companies be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if the companies or a company authorized representative has been advised of the possibility of such damages.
In no event shall the companies have any liability to you for damages, losses, and causes of action for accessing this site or podcast.
Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.
(0:00) Introduction and overview of the podcast(1:12) Jamie's professional background and experience with divorce(2:09) Goal of the podcast: Financial empowerment during divorce(6:33) Emotional impact of divorce and the role of uncertainty(9:46) Building your divorce support team and utilizing resources(12:30) Financial impact of divorce and the role of financial advisors(14:01) Future episode topics: Dividing assets, support payments, and managing expenses(15:09) Proactive and strategic management of post-divorce finances(16:53) The concept of becoming the CEO of your own life post-divorce(19:40) Available resources on the Allegiant Divorce Solutions website(20:37) Closing remarks and preview of the next episode21 min - Broke Up, Not Broke(n)In this episode, Jamie M. Lima discusses the mission of "Broke Up, Not Broke(n)", provides insights on financial planning during divorce, and identifies the target audience. He also delves into the emotional aspects of divorce and how they can impact financial success. The episode concludes with inspiring post-divorce success stories.
Disclaimer: The information on this site and podcast is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Woodson Wealth Management and Consulting Inc. and Allegiant Solutions LLC DBA Allegiant Divorce Solutions (referred to as “the companies”) disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement, and suitability for a particular purpose.
The companies do not warrant that the information will be free from error. None of the information provided on this website or podcast is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall the companies be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if the companies or a company authorized representative has been advised of the possibility of such damages.
In no event shall the companies have any liability to you for damages, losses, and causes of action for accessing this site or podcast.
Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.
(0:00) Introduction to "Broke Up, Not Broke(n)"(0:08) Podcast Mission and Offerings(0:19) Financial Planning During Divorce(0:27) Target Audience(0:32) Emotional Aspects and Financial Success in Divorce(0:41) Post-Divorce Success Stories(0:49) Call to Action: Subscribe to "Broke Up, Not Broke(n)"1 min
About Broke Up, Not Broke(n)™
From the publisher's feed
Going through a divorce? You can be broken up, but don't have to end up broke(n)!
This podcast is for those considering divorce or in the midst of it, and will empower you to take control of your life and your finances throughout the entire process.