Summary:

In this episode of the Better Divorce Podcast, Paulette Rigo speaks with financial expert Jennifer Lee about the complexities of financial preparedness during divorce. They discuss the importance of understanding one's financial situation, the emotional challenges associated with money, and the necessity of seeking professional help. Jennifer emphasizes the need for individuals to gather information about their assets and make informed decisions to avoid leaving money on the table. The conversation also highlights the significance of financial education before marriage and the role of financial advisors in navigating post-divorce life.

Takeaways:

• Divorce can be completed in less than 90 days.
• Financial preparedness is crucial during divorce.
• Many individuals feel overwhelmed by financial decisions.
• Understanding your assets is the first step in financial planning.
• Divorce fatigue can hinder decision-making.
• It's important to have realistic expectations during divorce.
• Partnering with professionals can ease the financial process.
• Financial education should start before marriage.
• Alimony considerations are complex and vary by situation.
• Planning for life after divorce is essential for financial stability.

Chapters:

00:00 Introduction to Better Divorce Podcast

01:54 Understanding Financial Preparedness in Divorce

09:03 Navigating Financial Decisions During Divorce

14:59 The Role of Professionals in Divorce Financial Planning

22:20 The Importance of Financial Education Before Marriage

30:40 Planning for Life After Divorce

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