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Divorce Explored: Dividing Assets in Divorce — 6 Financial Pitfalls and How to Avoid Them
In this episode of Divorce Explored, brought to you by We Chat Divorce, hosts Karen Chellew and Catherine Shanahan take a deep dive into the financial complexities of dividing assets during divorce. Inspired by the Morgan Stanley article, "6 Financial Mistakes to Avoid," they explore the common pitfalls that can derail financial stability and provide actionable insights to help listeners navigate asset division with clarity and confidence.
From delayed financial planning to overlooking future expenses, this episode unpacks real-world scenarios, offers expert advice, and underscores the importance of building a trusted divorce team. Whether you’re preparing for mediation, tackling financial negotiations, or simply seeking to avoid costly mistakes, this episode is packed with practical strategies to support your journey.
Key TakeawaysPlan Ahead, Strategically: Learn why delaying financial planning until after your settlement is finalized can protect you from making emotionally driven decisions.
Avoid Emotional Agreements: Understand the importance of analyzing the financial impact of your settlement to ensure long-term stability.
Account for Future Costs: Discover often-overlooked expenses, from tax liabilities to QDROs, and how to incorporate them into your plan.
Be Cautious with Asset Division: Learn how prematurely dividing assets can lead to unintended financial consequences.
Update Your Beneficiaries: Ensure your estate plan reflects your new reality while being mindful of state laws and timing.
Assemble Your Divorce Team: Build a team that works solely for you, offering personalized guidance to protect your financial future.
Resources Mentioned
Disclaimer:
The information provided in this podcast is for educational and informational purposes only and should not be considered financial or legal advice. Please consult with professionals in the relevant fields for personalized guidance.
The WeChat Divorce podcast (hereinafter referred to as the “WCD”) represents the opinions of Catherine Shanahan, Karen Chellew, and their guests to the show. WCD should not be considered professional or legal advice. The content here is for informational purposes only. Views and opinions expressed on WCD are our own and do not represent that of our places of work.
WCD should not be used in any legal capacity whatsoever. Listeners should contact their attorney to obtain advice with respect to any particular legal matter. No listener should act or refrain from acting on the basis of information on WCD without first seeking legal advice from counsel in the relevant jurisdiction. No guarantee is given regarding the accuracy of any statements or opinions made on WCD.
Unless specifically stated otherwise, Catherine Shanahan and Karen Chellew do not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned on WCD, and information from this podcast should not be referenced in any way to imply such approval or endorsement. The third-party materials or content of any third-party site referenced on WCD do not necessarily reflect the opinions, standards or policies of Catherine Shanahan or Karen Chellew.
WCD, CATHERINE SHANAHAN, AND KAREN CHELLEW EXPRESSLY DISCLAIM ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL’S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
If you would like to obtain a typed transcript of this podcast episode, please email us at [email protected]. Please be sure to include the episode name in the transcript email request. Thank you!
Learn more about your ad choices. Visit megaphone.fm/adchoices
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By My Divorce Solution
4.6
1919 ratings
In this episode of Divorce Explored, brought to you by We Chat Divorce, hosts Karen Chellew and Catherine Shanahan take a deep dive into the financial complexities of dividing assets during divorce. Inspired by the Morgan Stanley article, "6 Financial Mistakes to Avoid," they explore the common pitfalls that can derail financial stability and provide actionable insights to help listeners navigate asset division with clarity and confidence.
From delayed financial planning to overlooking future expenses, this episode unpacks real-world scenarios, offers expert advice, and underscores the importance of building a trusted divorce team. Whether you’re preparing for mediation, tackling financial negotiations, or simply seeking to avoid costly mistakes, this episode is packed with practical strategies to support your journey.
Key TakeawaysPlan Ahead, Strategically: Learn why delaying financial planning until after your settlement is finalized can protect you from making emotionally driven decisions.
Avoid Emotional Agreements: Understand the importance of analyzing the financial impact of your settlement to ensure long-term stability.
Account for Future Costs: Discover often-overlooked expenses, from tax liabilities to QDROs, and how to incorporate them into your plan.
Be Cautious with Asset Division: Learn how prematurely dividing assets can lead to unintended financial consequences.
Update Your Beneficiaries: Ensure your estate plan reflects your new reality while being mindful of state laws and timing.
Assemble Your Divorce Team: Build a team that works solely for you, offering personalized guidance to protect your financial future.
Resources Mentioned
Disclaimer:
The information provided in this podcast is for educational and informational purposes only and should not be considered financial or legal advice. Please consult with professionals in the relevant fields for personalized guidance.
The WeChat Divorce podcast (hereinafter referred to as the “WCD”) represents the opinions of Catherine Shanahan, Karen Chellew, and their guests to the show. WCD should not be considered professional or legal advice. The content here is for informational purposes only. Views and opinions expressed on WCD are our own and do not represent that of our places of work.
WCD should not be used in any legal capacity whatsoever. Listeners should contact their attorney to obtain advice with respect to any particular legal matter. No listener should act or refrain from acting on the basis of information on WCD without first seeking legal advice from counsel in the relevant jurisdiction. No guarantee is given regarding the accuracy of any statements or opinions made on WCD.
Unless specifically stated otherwise, Catherine Shanahan and Karen Chellew do not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned on WCD, and information from this podcast should not be referenced in any way to imply such approval or endorsement. The third-party materials or content of any third-party site referenced on WCD do not necessarily reflect the opinions, standards or policies of Catherine Shanahan or Karen Chellew.
WCD, CATHERINE SHANAHAN, AND KAREN CHELLEW EXPRESSLY DISCLAIM ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL’S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
If you would like to obtain a typed transcript of this podcast episode, please email us at [email protected]. Please be sure to include the episode name in the transcript email request. Thank you!
Learn more about your ad choices. Visit megaphone.fm/adchoices
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