01.26.2017 - By Shawn Leamon, MBA, CDFA
“Attorneys often tend to feel they have the knowledge and experience to take care of many complex financial matters on their own, even though most do not hold any sort of business degree. This can create costly mistakes for their clients if they do not fully understand the complicated financial concerns at hand.” - Joseph E. Cordell, Partner of Cordell & Cordell, the largest family law firm in the United States Your divorce lawyer is essential for advising you on the legal aspects of your divorce. However, most divorce layers are not financial experts, and your attorney can make costly mistakes that could end up hurting you for many years after your divorce is over. I am going to show you the five most common financial mistakes your attorney could make when crafting a divorce settlement—and what you can do to protect yourself. The key mistakes are: Failing to navigate steep tax consequences Mishandling investment accounts Forgetting to look for hidden assets Neglecting to secure support payments with insurance Overlooking a post-divorce financial plan Keep your attorney from screwing up your settlement — and your life. Do you want 1-on-1 financial help? Visit us at www.divorceandyourmoney.com and be sure to check out the NEW courses Steps to Take Before Divorce and How to Get a Divorce without Losing Everything. If you enjoyed the show, please take a moment to leave a review on iTunes, as it will help other people discover this free advice.