Taylored Wealth

#womenempowerment #womenandmoney #divorce

In the 21st century, you’d think everyone would have been taught about finance. But women especially are being under-educated in finance and Taylor is here to fix that! In Taylored Wealth, we are going to teach the world that women’s finance is more important than people think. And that with the right team, you can build an incredible financial future for yourself!

Get in touch with our guest:

https://beltzandbeltz.com/

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through MFP Financial Services, LLC, a registered investment advisor and separate entity from LPL Financial. The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. 

Jennifer Beltz and their company are not affiliated with or endorsed by LPL Financial or MFP Financial Services, LLC.

Sources: 

Power of Attorney - https://www.ncoa.org/article/what-is-power-of-attorney/

Fiduciary - https://www.wealthenhancement.com/blog/what-is-a-fiduciary

Health Care Surrogate -

https://ufhealth.org/advance-directives/kinds-of-advance-directives/health-care-surrogate#:~:text

=Your%20health%20care%20surrogate%20is,is%20in%20your%20best%20interest.

Living Will -

https://www.medicareinteractive.org/understanding-medicare/planning-for-medicare-securing-ca

re/preparing-for-future-health-care-needs/living-wills

Do Not Resuscitate -

https://www.ohiobar.org/public-resources/commonly-asked-law-questions-results/law-facts/law-f

acts-do-not-resuscitate/#:~:text=People%20with%20terminal%20illnesses%20or,CPR%20shoul

d%20not%20be%20given).

Beneficiary -

https://www.fidelity.com/learning-center/smart-money/what-is-a-beneficiary#:~:text=A%20benefi

ciary%20is%20a%20person%20or%20entity%20(such%20as%20a,to%20one%20or%20more

%20beneficiaries.

Probate - https://www.investopedia.com/terms/p/probate.asp

Pre-need Guardian -

https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0700-0799/07

44/Sections/0744.3045.html#:~:text=(1)%20A%20competent%20adult%20may,unqualified%20t

o%20serve%20as%20guardian.

Pet Trust -

https://www.aspca.org/pet-care/pet-planning/pet-trust-primer#:~:text=A%20pet%20trust%20is%

20a,pet%20trusts%20in%20your%20state.

Life Estate - https://www.law.cornell.edu/wex/life_estate#:~:text=A%20life%20estate%20is%20created,to%2

0Jane%20upon%20John's%20death.

Step-up in Cost Basis - https://taxfoundation.org/taxedu/glossary/step-up-in-basis/

Chapters: 

00:00 becoming an estate planning attorney

01:49 power of attorney

06:49 Trusts and Wills

17:37 beneficiaries

20:10 marriage and children

33:49 safe deposit box

40:56 what to ask an estate planning attorney

42:05 life estates

45:55 step up and cost basis

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#womenempowerment #womenandmoney #divorce

In the 21st century, you’d think everyone would have been taught about finance. But women especially are being under-educated in finance and Taylor is here to fix that! In Taylored Wealth, we are going to teach the world that women’s finance is more important than people think. And that with the right team, you can build an incredible financial future for yourself! 

Get in touch with Efrain Mercado:

https://www.elitemoneycoaching.com/

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through MFP Financial Services, LLC, a registered investment advisor and separate entity from LPL Financial. The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. 

Efrain Mercado and their company are not affiliated with or endorsed by LPL Financial or MFP Financial Services, LLC.

#womenempowerment #womenandmoney #divorce

Sources: 

Financial Advising -

https://www.investopedia.com/articles/personal-finance/050815/what-do-financial-advisers-do.a

sp#:~:text=A%20financial%20advisor's%20role%20goes%20far%20beyond,education%20to%2

0managing%20debt%20and%20planning%20estates.

Financial Coach -

https://www.ramseysolutions.com/debt/what-is-a-financial-coach#:~:text=Key%20Takeaways,an

%20investment%20in%20your%20future

Financial Affidavit -

https://www.legalzoom.com/articles/understanding-your-financial-affidavit#:~:text=A%20financial

%20affidavit%20is%20a%20statement%20that,Determining%20whether%20to%20invest%20in

%20a%20company

Snowball Effect -

https://www.ramseysolutions.com/debt/how-the-debt-snowball-method-works#:~:text=Key%20T

akeaways%20*%20The%20debt%20snowball%20method,you%20stay%20focused%20as%20y

ou%20eliminate%20debt.

Avalanching -

https://www.investopedia.com/terms/d/debt-avalanche.asp#:~:text=The%20debt%20avalanche

%20is%20a,but%20saves%20more%20on%20interest

401k -

https://www.fidelity.com/learning-center/smart-money/what-is-a-401k#:~:text=Key%20takeaways

,ll%20live%20off%20in%20retirement.

Chapters: 

00:00 intro

00:37 about Efrain backstory

02:40 money coaching

11:01 how di efrain get good at financial coaching

15:42 advice for new financial clients

18:51 why hire a financial coach

20:48 budgeting rules

22:16 financial advice for relationships

28:34 lifestyle management

37:07 the when factor

40:22 debt advice

46:05 excess money

Hosted on Acast. See acast.com/privacy for more information.

In the 21st century, you’d think everyone would have been taught about finance. But women especially are being under-educated in finance and Taylor is here to fix that! In Taylored Wealth, we are going to teach the world that women’s finance is more important than people think. And that with the right team, you can build an incredible financial future for yourself!

Get in touch with Nicole Gehringer:

https://www.harrishuntderr.com/

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through MFP Financial Services, LLC, a registered investment advisor and separate entity from LPL Financial. The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.

Nicole Gehringer and their company are not affiliated with or endorsed by LPL Financial or MFP Financial Services, LLC.

#womenempowerment #womenandmoney #divorce

Sources:

Legal Consult - https://www.zaralawgroup.com/post/what-happens-during-a-legal-consultation#:~:text=A%20legal%20consultation%20is%20a,assistance%20you%20need%20representation%20for.

Conflict Out - https://www.waltersgilbreath.com/how-conflicting-out-attorneys-can-impact-your-divorce/#:~:text=A%20%E2%80%9Cconflicting%20out%E2%80%9D%20divorce%20tactic%20is%20when,*%20Speaking%20to%20the%20other%20spouse's%20first

Serve - https://selfhelp.courts.ca.gov/divorce/start-divorce/serve#:~:text=After%20you%20file%20your%20divorce,A%20professional%20process%20server

Mediation - https://www.nysmediate.org/what-is-divorce-mediation-#:~:text=Without%20taking%20sides%2C%20a%20divorce,agreements%20that%20benefit%20your%20family.

Financial Affidavit - https://www.legalzoom.com/articles/understanding-your-financial-affidavit#:~:text=A%20financial%20affidavit%20is%20a%20statement%20that,Determining%20whether%20to%20invest%20in%20a%20company

Forensic Accountant - https://www.familydivorcelaw.com/articles/what-is-the-role-of-a-forensic-accountant-in-a-divorce

Vocational Expert - https://www.oasinc.org/why-you-need-to-obtain-a-vocational-evaluation-in-your-divorce-case#:~:text=A%20vocational%20expert%20is%20trained,judge%20can%20make%20a%20decision.

Alimony - https://www.lawhelp.org/dc/resource/frequently-asked-questions-about-alimony#:~:text=The%20judge%20will%20consider%20all%20relevant%20factors,there%20has%20been%20a%20change%20in%20circumstances.

Marital Settlement Agreement - https://www.stanislaus.courts.ca.gov/system/files/msa-addendum_website-pkg_0.pdf

Divorce Decree - https://www.usa.gov/divorce-decree#:~:text=A%20divorce%20decree%20is%20a%20court%20order,records%20office%20where%20the%20divorce%20took%20place

Prenup - https://www.superlawyers.com/resources/family-law/marriage-and-legal-relationship-planning/what-is-a-prenuptial-agreement-and-should-i-have-one/

Postnup - https://www.llmfamilylaw.com/blog/what-is-a-postnuptial-agreement

Chapters:

00:00 Intro

07:09 Know your Judges

09:23 Divorce Process Breakdown

13:32 Financial Disclosures

20:09 Alimony

28:44 After Happy Ever After

35:04 Marital Settlement vs Divorce Decree

36:09 Prenups

40:17 Postnups

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In the 21st century, you’d think everyone would have been taught about finance. But women especially are being under-educated in finance and Taylor is here to fix that! In Taylored Wealth, we are going to teach the world that women’s finance is more important than people think. And that with the right team, you can build an incredible financial future for yourself! 

Get in touch with John Thacker:

https://thackerlawgroup.com/

Sources:

What is Family law?

https://www.lawfirm.com/family-law/#:~:text=Essentially%2C%20family%20law%20addresses%20the,in%20the%20child's%20best%20interests.

Court of Equity

https://dictionary.law.com/Default.aspx?selected=387#:~:text=n.,operate%20as%20courts%20of%20equity.

Equity Vs Equality - Equality focuses on providing everyone with the same resources and opportunities, irrespective of their individual circumstances or starting points. While Equity recognizes that people have different needs and circumstances and aims to achieve fair outcomes by providing the specific resources and opportunities needed to reach the same level of success. 

https://www.marinhhs.org/sites/default/files/boards/general/equality_v._equity_04_05_2021.pdf

Collaborative law

https://www.friedandfried.com/cooperative-divorce/collaborative-law/#:~:text=The%20Collaborative%20Law%20Process%20Act,to%20terminate%20the%20collaborative%20process

Guardian Ad Litem

https://www.bonderudlaw.com/blog/understanding-the-role-of-a-guardian-ad-litem-in-florida-family-law-cases/#:~:text=A%20guardian%20ad%20litem%20plays,for%20you%20and%20your%20child.

Chapters:

00:00 Intro

11:18 How often are contested trials?

17:10 Divorce Story

19:31 Trials and Kids

28:00 Collaborative Law

33:16 Favorite Type of Case

37:30 Where do Step Parents fit?

39:48 Prenups

46:35 Common Law Marriage

50:40 Prenups vs Postnups

53:58 Advice for Non-Working Spouse

Hosted on Acast. See acast.com/privacy for more information.

In the 21st century, you’d think everyone would have been taught about finance. But women especially are being under-educated in finance and Taylor is here to fix that! In Taylored Wealth, we are going to teach the world that women’s finance is more important than people think. And that with the right team, you can build an incredible financial future for yourself! 

Get in touch with Kathryn Collier:

https://pinellasfamilylawyer.com/

Sources:

Certified divorce financial analyst (CDFA): 

https://www.investopedia.com/terms/c/cdfa.asp

Generally there are no public defender divorce attorneys:

https://www.joleenalouislaw.com/blog/cant-afford-attorney#:~:text=Get%20A%20Court%20Appointed%20Attorney,for%20a%20court%20appointed%20attorney.

Florida Bar Divorce Site:

https://www.floridabar.org/public/consumer/pamphlet010/

Pinellas County Self Help:

https://www.mypinellasclerk.gov/Self-Help

Easily split divorce assets:

https://www.myfloridalaw.com/asset-debts/keeping-inherited-assets-during-a-divorce/

Alimony:

https://www.investopedia.com/terms/a/alimony.asp

Durational Alimony:

http://www.leg.state.fl.us/Statutes/index.cfm/Ch0316/index.cfm?App_mode=Display_Statute&Search_String=&URL=0000-0099/0061/Sections/0061.08.html#:~:text=(8)(a)%20Durational%20alimony,2.

Supportive Relationship:

https://dewittlaw.com/alimony/6281/alimony-when-does-cohabitation-terminate-alimony/#:~:text=A%20supportive%20relationship%20is%20a,2010)%20(quoting%20French%20v.

Pre Nup Positives:

https://gbfamilylaw.com/blogs/why-a-pre-nuptial-agreement-is-an-expression-of-love/#:~:text=Why%20Is%20a%20Prenuptial%20Agreement,feelings%20of%20anger%20or%20fear.

Postnup:

https://www.investopedia.com/terms/p/postnuptial_agreement.asp#:~:text=A%20postnuptial%20agreement%20is%20a,post%2Dmarital%20agreement%20or%20postnup.

Hosted on Acast. See acast.com/privacy for more information.

In the 21st century, you’d think everyone would have been taught about finance. But women especially are being under-educated in finance and Taylor is here to fix that! In Taylored Wealth, we are going to teach the world that women’s finance is more important than people think. And that with the right team, you can build an incredible financial future for yourself! 

Sources:

Real Estate Portability: 

https://pbcpao.gov/portability.htm#:~:text=To%20qualify%20for%20portability%20and,accumulated%20with%20our%20Portability%20Calculator.

What is an HOA:

https://www.investopedia.com/terms/h/hoa.asp

What is Deed Restricted:

https://www.curriproperties.com/blog/Everything+You+Need+To+Know+About+Florida+Deed-Restricted+HOA+Communities#:~:text=A%20deed%2Drestricted%20community%20is,as%20well%20as%20property%20uses.

Title Search:

https://admortgage.com/glossary/title-search/

Lien Definition:

https://www.investopedia.com/terms/l/lien.asp

Equity Definition:

https://www.baymgmtgroup.com/blog/real-estate-equity-a-guide-for-investors/#:~:text=Risks%20and%20Considerations-,What%20is%20Real%20Estate%20Equity?,maximize%20your%20real%20estate%20equity.

Hosted on Acast. See acast.com/privacy for more information.

In the 21st century, you’d think everyone would have been taught about finance. But women especially are being under-educated in finance and Taylor is here to fix that! In Taylored Wealth, we are going to teach the world that women’s finance is more important than people think. And that with the right team, you can build an incredible financial future for yourself!

Sources:

Mortgage Points

https://www.nerdwallet.com/article/mortgages/discount-points?utm_source=goog&utm_medium=cpc&utm_campaign=mr_mktg_paid_041223_mortgage_dsa:lo&utm_term=adgrp_articles_148791112020&utm_content=c&mktg_hline=148791112020&mktg_body=655074697829&mktg_place=aud-2018004964301:dsa-2073031996717&mktg_link=&gclsrc=aw.ds&gad_source=1&gclid=Cj0KCQiAkoe9BhDYARIsAH85cDM84fdQFIQC4RxcedGPtp0f5nNWPeG6NmFLBRJDGiTrqMoPNSvzlTAaAhIPEALw_wcB#what-are-mortgage-points

Florida Condo Collapse in Surfside

https://www.npr.org/2024/03/08/1236628075/surfside-florida-champlain-towers-south-condo-collapse-cause

Annual Credit Report

https://www.annualcreditreport.com/index.action

https://mortgagematchup.com/

Soft vs Hard Credit Pull

https://www.transunion.com/blog/credit-advice/the-difference-between-hard-and-soft-credit-inquiries?atvy=%7B%22264995%22%3A%22Experience+A%22%7D

Pre-qualification vs Pre-approval

https://www.investopedia.com/articles/basics/07/prequalified-approved.asp

Mortgage Loan Originator (MLO) Requirements

https://www.oncourselearning.com/resources/key-requirements-becoming-a-mortgage-loan-originator-mlo

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

In the 21st century, you’d think everyone would have been taught about finance. But women especially are being under-educated in finance and Taylor is here to fix that! In Taylored Wealth, we are going to teach the world that women’s finance is more important than people think. And that with the right team, you can build an incredible financial future for yourself!

Sources:

American federal and private student loan debt

https://www.lendingtree.com/student/student-loan-debt-statistics/

Raising Tuition

https://finaid.org/savings/tuition-inflation/#:~:text=A%20good%20rule%20of%20thumb,college%20doubles%20every%20nine%20years.

Women in Finance

https://www.cfp.net/-/media/files/cfp-board/knowledge/reports-and-research/womens-initiative/cfp-board_win_web.pdf

Hosted on Acast. See acast.com/privacy for more information.

In the 21st century, you’d think everyone would have been taught about finance. But women especially are being under-educated in finance and Taylor is here to fix that! In Taylored Wealth, we are going to teach the world that women’s finance is more important than people think. And that with the right team, you can build an incredible financial future for yourself! 

In this episode, we start with a surface level understanding of finance. How finance impacts everyone's lives. How women and men are on different financial journeys. And how everyone can get a grasp on their financial future. 

Sources: 

Men trading 45% more than women: https://www.femaleinvest.com/magazine/gender-investing-gap

Men’s vs Women’s retirement amounts: https://www.reuters.com/world/us/women-us-have-just-13-mens-retirement-savings-prudential-report-says-2024-06-24/

Women live almost 5 years longer in the US and 7 years longer worldwide than men:

https://www.health.harvard.edu/blog/why-men-often-die-earlier-than-women-201602199137

Women have a higher likelihood of poverty in retirement:

https://www.nirsonline.org/2016/03/women-80-more-likely-to-be-impoverished-in-retirement/#:~:text=The%20key%20findings%20of%20this%20report%20are,living%20in%20poverty%20than%20their%20male%20counterparts.

Gender Pay Gap: https://www.pewresearch.org/social-trends/2023/03/01/the-enduring-grip-of-the-gender-pay-gap/#:~:text=The%20gender%20pay%20gap%20%E2%80%93%20the,80%20cents%20to%20the%20dollar.

Women have better long term portfolios:

https://www.forbes.com/sites/timmaurer/2023/04/30/why-women-are-better-investors-than-men/

Fintrx Top Female Hedgefund Managers

https://www.fintrx.com/blog/25-women-leading-the-hedge-fund-industry-in-the-us

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