"The money is just data. It's numbers and getting at the core of what it means to them, what it represents. It represents their values, their ideals, their hopes, their dreams." - Jon Tanner

Jon Tanner, president of Summit Advisors at William Joseph Capital Management, is a seasoned financial planning expert with over 35 years of experience, specializing in the intricate financial aspects of divorce. A native of Hudson Valley, Jon is celebrated for his empathetic, team-based approach, working closely with lawyers, accountants, and other professionals to craft financial settlement plans that promote compromise and clarity. He believes that a successful financial plan in divorce requires looking beyond the headline numbers, emphasizing the importance of understanding the sustainability and nature of assets such as retirement accounts and real estate. Jon is committed to helping his clients not only manage the immediate financial challenges of divorce but also build a solid foundation for the future, acknowledging the emotional hurdles and guiding them toward confident financial independence.

Key Takeaways

->Financial planning in divorce is crucial for stability and navigating major life transitions.

->Getting organized with financial information such as bank statements and debts is important for understanding one's financial reality.

->Considering the sustainability and nature of assets is essential for making informed decisions for a stable post-divorce future.

->Working with a team of professionals including lawyers and financial advisors can provide cohesive guidance and minimize conflicting information.

->Involving a financial advisor early in the divorce process can prevent irreversible decisions and provide clarity for managing financial future.

->Look for a financial advisor with certifications like a Certified Divorce Financial Adviser (CDFA) and experience in divorce financial matters.

Connect with Jon Tanner:

https://www.williamjosephcapital.com/

https://www.linkedin.com/in/jon-tanner-71175a3b/

Connect with Katherine Miller:

https://www.linkedin.com/in/kemiller1/

https://miller-law.com/

"I'm on a mission to change how people divorce and help them divorce with dignity." - Katherine Miller

Navigating the holiday season after a divorce can be a tumultuous experience, fraught with the challenges of time-sharing with children and the task of establishing new traditions. Katherine Miller, with her insightful perspective, acknowledges the emotional difficulty of spending holidays without the kids, especially during the first year post-divorce. Drawing from her experiences, she advocates for finding new ways to celebrate, be it through altering existing traditions or experimenting with entirely new approaches. Miller underscores the significance of prioritizing children's well-being and the potential long-term effects of parental actions, urging parents to be mindful of how family dynamics and conflicts during this period can shape lasting holiday memories.

Key Takeaways

->Coping strategies when spending holidays without children include making plans with family or serving the needy.

->Maintaining holiday traditions post-divorce can impact children's emotions and may create false hope of reconciliation.

->Seeking professional advice and considering the timing of divorce announcements during the holiday season is important for emotional well-being.

Connect with Katherine Miller:

https://www.linkedin.com/in/kemiller1/

https://miller-law.com/

"It has provided me with a different viewpoint, in terms of understanding that there's a lot more involved to an immigration related case beyond being approved for whatever benefit an individual is seeking." - Douglas Lightman

Douglas Lightman is a seasoned professional in immigration law, with a strong foundation in international tax and cross-border transactions, which has significantly shaped his career path. Through his extensive travel and exposure to diverse cultures, Lightman has developed a nuanced understanding of the complexities involved in immigration matters, particularly the intricate connection between international tax and immigration law. He is committed to demystifying these processes and tackling prevalent misconceptions, such as the belief that individuals with a two-year conditional green card cannot obtain a ten-year green card if divorced, by providing clear, accurate information to the public. With recent changes in immigration laws making the process more challenging, Lightman's informed guidance is invaluable for clients navigating complex international and family issues, ultimately assisting them in achieving their immigration goals through various pathways.

Key Takeaways

->Understanding the connection between tax and immigration allows for a comprehensive approach to addressing clients' needs in both areas.

->Tax residency, green card status, and long-term plans are key tax issues in immigration cases.

->Foreign nationals facing deteriorating relationships can still apply for a ten-year green card despite divorce.

->Recent changes in immigration laws have led to significant effects on individuals seeking immigration status.

->Individuals seeking immigration status can follow distinct paths such as work visa sponsorship or family-based green cards through marriage.

Connect with Douglas Lightman:

https://www.linkedin.com/in/douglas-lightman-0aab3211/

https://www.lightmanimmigration.com/

Connect with Katherine Miller:

https://www.linkedin.com/in/kemiller1/

https://miller-law.com/

"Yoga is really a way of life. It's a way of living with self compassion for yourself and for the environment and the people around you." - Cathy Eads

Cathy Eads is a dedicated yoga teacher and Ayurvedic wellness counselor, renowned for her expertise in using mind-body practices to manage stress and anxiety. Her journey with yoga began as a form of physical exercise, but it soon transformed into a holistic lifestyle that promotes self-compassion and peaceful living. Cathy believes that yoga, meditation, and structured daily routines can restore calm and balance, even amidst health challenges, financial stress, and struggling relationships. By incorporating techniques like controlled breathing and mindfulness, she helps individuals develop resilience and manage emotions, particularly during stressful life events such as divorce, offering them a pathway to feel more grounded and in control.

Key Takeaways

->Yoga and meditation promote resilience and control in life during chaotic times

->Controlled breathing in yoga impacts the nervous system's fight-or-flight response

->Physical activities like yoga can help discharge stress hormones during divorce proceedings

->Focused breathing techniques can promote calmness and relaxation to manage anxiety

->Silence can be used as a powerful negotiation technique to influence discussions

->Personalized yoga sessions can address specific needs and promote relaxation

Connect with Cathy Eads:

https://findblissyoga.com/about/

https://www.linkedin.com/in/cathyreads/

Connect with Katherine Miller:

https://www.linkedin.com/in/kemiller1/

https://miller-law.com/

"Well, I want to do something that could help the ordinary person. I never wanted to get into law to work for a big corporation. Helping people is what I care about." - Jeffrey Peltz

Jeffrey Peltz, a seasoned Brooklyn-based attorney with nearly four decades of experience, seeks to change the narrative surrounding bankruptcy by emphasizing its role as a strategic financial tool rather than a moral failing. With a compassionate approach that prioritizes clients' needs over corporate interests, Peltz argues that bankruptcy should be seen as a business decision, not a source of shame. He highlights the common misconception that bankruptcy should be avoided at all costs, noting that this belief often leads individuals to make damaging financial choices, such as depleting retirement funds or falling for scams. By offering personalized guidance and treating clients like family, Peltz strives to demystify the bankruptcy process, helping individuals understand that it can offer a fresh start, particularly in the context of divorce and other financial challenges.

Key Takeaways

->Viewing bankruptcy as a business decision rather than a source of shame is crucial for guiding clients through financial difficulties.

->Certain debts like spousal support, child support, student loans, taxes, parking tickets, penalties, and court charges are not dischargeable in bankruptcy.

->Bankruptcy can be a first step towards rebuilding credit, with FICO scores potentially increasing by an average of 100 points over a year.

->Common misconceptions about bankruptcy include the belief that it is a personal judgment or a black mark on one's character.

->Bankruptcy hearings are now conducted via Zoom due to COVID-19 restrictions, providing convenience for clients.

Connect with Jeffrey Peltz:

https://www.aaalawyer.com/

https://www.linkedin.com/in/jeffreypeltz/

Connect with Katherine Miller:

https://www.linkedin.com/in/kemiller1/

https://miller-law.com/

"If you don't know about the money, you don't have control over the money or access to the money."

Ed Vargo, the founder of Burning River Advisory Group and Enlighten Her, is a fervent advocate for financial literacy, particularly focusing on empowering women. Inspired by his immigrant mother's struggles with financial independence, Ed has dedicated his career to providing compassionate financial guidance to help women achieve equality through financial strength. He emphasizes the significance of teaching financial literacy from a young age, advocating for parents to model positive financial behaviors for their children and encouraging open discussions about money within families. Vargo also highlights the impact of financial misunderstandings on relationships, especially during divorce, underscoring the importance of assembling a knowledgeable support team and fostering financial education to promote harmony and independence.

Key Takeaways:

->Ed Vargo emphasizes teaching children about money management from a positive perspective and modeling good money behavior.

->Communication about money values and decisions is crucial in relationships to avoid disharmony and resentment.

->Open dialogue about money in relationships can prevent conflicts and build financial harmony.

->Educating oneself about family finances, especially during divorce, is essential to avoid being at a disadvantage.

->Enlighten Her offers resources like white papers on money myths and steps to take during divorce to empower women in managing their finances.

->Early intervention in divorce proceedings is crucial to avoid post-settlement regrets and make informed decisions.

->Enlighten Her aims to empower women to take control of their finances and make informed decisions, especially during major life events like divorce.

Connect with Ed Vargo:

https://www.linkedin.com/in/joe-zweben-17676434a/

https://www.instagram.com/joezweben_/

Connect with Katherine Miller:

https://www.linkedin.com/in/kemiller1/

https://miller-law.com/

What are some unique challenges that mid-career professionals face during divorce?

Jamie M. Lima is a renowned certified divorce financial analyst and certified financial planner who specializes in helping mid-career professionals navigate the financial complexities of divorce. As the founder of Allegiant Divorce Solutions and the creator of the Secure Split app, Lima draws on over 20 years of experience to guide clients through asset division and retirement planning, with a particular focus on managing complex workplace benefits like stock options and pension plans. He believes that financial planning is crucial during divorce proceedings, as it helps individuals avoid common pitfalls and make decisions that align with their long-term financial goals. By working closely with tax professionals and leveraging tools like the Divorce Toolkit, Lima empowers clients to prioritize their future and make informed financial decisions, ensuring a secure post-divorce financial future.

Key Takeaways

->Involving financial professionals early in the divorce process is crucial for making informed decisions and planning accordingly.

->The Divorce Toolkit provides resources for understanding topics like dividing retirement accounts, tax impacts, alimony, child support, and budgeting calculators.

->Financial planning tools like the Divorce Toolkit help in streamlining financial planning for divorcing couples, attorneys, mediators, and certified divorce financial analysts.

->Financial planning expertise is essential in managing asset division, retirement planning, and tax implications during divorce.

->Mid-career professionals facing divorce may encounter complex financial challenges related to workplace benefits like stock options, pension plans, and tax implications.

->Alimony, or spousal support, aims to provide financial resources for the out spouse to adjust to single life, cover living expenses, and support individuals during the post-divorce transition period.

Connect with Jamie M. Lima:

https://allegiantds.com/

https://www.linkedin.com/in/jamielima/

Connect with Katherine Miller:

https://www.linkedin.com/in/kemiller1/

https://miller-law.com/

"Blended families are always a little bit tricky just because you don't have that standard. Everything to the spouse and then down to the kids. And that's just the end of it." - Laura Cowan

Laura Cowan, a distinguished attorney and CPA, brings her expertise in estate planning to the forefront, particularly in navigating the intricate transitions that follow a divorce. Having founded her own law firm after a successful career as a CPA, Laura emphasizes the critical need to reassess beneficiary designations post-divorce, as these can override other estate planning documents. She advises individuals to carefully review and update life insurance and retirement accounts to ensure they align with their current wishes, highlighting the necessity of collaborating with a team of professionals—including estate lawyers and financial advisors—to develop a comprehensive plan. Laura's perspective encourages those experiencing divorce to view it as an opportunity for reinvention, urging them to thoughtfully consider their future personal and professional paths to foster growth and fulfillment in this new chapter of life.

Key Takeaways:

->Revisiting beneficiary designations is crucial to protecting one's financial legacy after a divorce.

->Updating estate planning documents post-divorce is crucial to ensure that beneficiaries and fiduciaries accurately reflect the individual's current circumstances.

->Consulting with an estate planning attorney before finalizing a divorce settlement is crucial.

->Estate planning can provide individuals with a sense of control and stability following significant life transitions like divorce.

->The integrative nature of divorce affects various aspects of life including estate planning, financial planning, and parenting plans.

->Attorneys can create a more fulfilling and effective approach to practicing law by prioritizing client needs over traditional metrics of success.

Connect with Laura Cowan, Esq:

https://www.2hourlifestylelawyer.com/

https://www.linkedin.com/in/thelauracowan/

Connect with Katherine Miller:

https://www.linkedin.com/in/kemiller1/

https://miller-law.com/

"You really want to know what your priorities are and then you want to know what your spouse's priorities are, because they might be different." - Melissa Murphy Pavone

Melissa Murphy Pavone is a seasoned certified financial planner and divorce financial analyst, whose 18 years of experience in the field are deeply influenced by her personal experiences as a child of divorce. She founded Mindful Divorce Partners to guide clients through the intricate financial challenges of divorce with clarity and assurance. Melissa stresses the importance of proactive and holistic financial planning, focusing on understanding settlement options, tax implications, and the long-term effects of financial decisions, especially when children are involved. Her approach goes beyond mere numbers, helping clients design balanced and sustainable financial plans that align with their future goals and risk tolerance, while avoiding common pitfalls such as retaining the family home without considering its long-term financial impact.

Key Takeaways:

->Working with a financial planner post-divorce is crucial for navigating the transition to saving for oneself, contributing to retirement, and bridging the financial gap left by alimony and child support.

->Understanding priorities in financial assets during divorce negotiations is key to ensuring a fair and balanced outcome, particularly when children are involved.

->Having a financial planner as a supportive ally can provide guidance tailored to risk tolerance and financial goals for a secure future post-divorce.

->Offering fee-for-service and assets under management advisory models allows financial advisors to tailor their services to best suit individual circumstances and goals, especially in divorce scenarios.

->Educating clients on the importance of having an emergency fund and considering tax implications is crucial in making informed decisions about the family residence in divorce settlements.

Connect with Melissa Murphy Pavone:

https://www.linkedin.com/in/melissamurphypavone/

https://mindfulfinancialpartners.com/about/

https://mindfulfinancialpartners.com/

Connect with Katherine Miller:

https://www.linkedin.com/in/kemiller1/

https://miller-law.com/

"Depth psychology is a more spiritual approach, a psychospiritual approach to understanding yourself more deeply." - Deborah Lukovich

Dr. Deborah Lukovich is a renowned depth psychologist who offers a unique perspective on navigating the complexities of divorce by delving into the unconscious mind. With a belief that up to 90% of our actions and decisions are influenced by hidden forces, she emphasizes the importance of uncovering these unconscious patterns and behaviors that shape relationships. Through her book "Your Soul is Talking, Are You Listening?" and her engaging podcast and blog, Dr. Lukovich provides valuable insights into the unseen dynamics and hidden agendas that often go unnoticed during the tumultuous process of divorce. By guiding individuals to explore the depths of their psyche, Lukovich aims to foster a deeper understanding of personal and relational dynamics, ultimately aiding clients in transforming their relationship patterns and preventing past experiences from dictating future connections.

Key Takeaways:

->Depth Psychology focuses on uncovering hidden aspects of the unconscious mind to promote personal growth and transformation.

->Anger during divorce can be connected to past experiences and emotions, influencing individuals' reactions and behaviors.

->Dr. Lukovich shares her personal journey through divorce and highlights the importance of understanding the unconscious mind in life transitions.

->Relationship complexes involve patterns of thinking and behaving that impact interactions, hinder personal growth, and can lead to misunderstandings.

->Effective communication in relationships requires honesty, vulnerability, and creating a safe space for open dialogue.

->Unconscious fears and thoughts often hinder honest communication, emphasizing the importance of tools like 'Start with Hearts' to manage emotions and promote authenticity.

Connect with Deborah Lukovich:

https://www.deborahlukovich.com/

https://www.facebook.com/dlukovich

https://www.linkedin.com/in/deborah-lukovich-phd-5322953/

Connect with Katherine Miller:

https://www.linkedin.com/in/kemiller1/