Divorce Mistakes

Equipping Points:

Unfortunately, divorce happens. When it does, no one wants to make costly financial mistakes amidst an already stressful time. Today, we talk about the mistakes that can happen and how to avoid them when it comes to dividing up your assets with a spouse. Consider what you need and how much value can be found in each of your assets.

During this emotional time, working with a financial advisor who can give level-headed guidance as a fiduciary can make a huge difference. Seek counsel from someone who has your best interests in mind, including a financial advisor, a tax advisor, and an attorney.

 

Here’s some of what we discuss in this episode:

  • Choosing the house vs. other assets.
  • Consider the tax implications and long-term impact.
  • Combining accounts and rolling over IRAs.
  • The decision-making process can be overly impacted by the emotions.

 

If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here. 

 

Today’s Takeaway:

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