7 Key Strategies to Master Divorce Economics | Episode 211

Summiting the Financial Slopes: Seven Key Strategies to Master Divorce EconomicsIn this episode of Divorce at Altitude, Ryan Kalamaya is joined by Brett Hirsch, a wealth management expert, to discuss the financial strategies divorce professionals should consider during divorce proceedings. Brett and Ryan will be presenting these strategies at the upcoming Family Law Institute, a conference that gathers hundreds of divorce professionals, judges, and experts to discuss the most important financial aspects of divorce cases.In this conversation, Brett and Ryan highlight the importance of the marital balance sheet, tax implications, illiquid assets, and retirement accounts, and how to properly divide them in a divorce to ensure both parties have a clear understanding of their financial futures.Guest InformationBrett Hirsch is the founder of Obermeyer Wealth Management in Colorado, where he specializes in wealth management and financial advisory services. With extensive experience in private equity and hedge funds, Brett helps clients navigate the complexities of their financial lives, from capital allocation to tax and estate planning.Episode HighlightsMarital Balance Sheet: The Key to Financial ClarityBrett explains the importance of the marital balance sheet in divorce, which allows professionals to track down all financial assets and liabilities, and provides the foundation for decision-making.Understanding Pre and Post-Tax ImplicationsRyan and Brett discuss how pre-tax and post-tax considerations should be a key part of dividing assets. Brett shares how understanding the net value of assets, such as retirement accounts or brokerage accounts, can make a huge difference in financial planning during divorce.The Challenge of Illiquid AssetsBrett covers the issue of illiquid assets, like real estate or business ownership, which can be hard to value and harder to divide. He talks about how financial advisors can assist in navigating these complex assets and ensure that both parties have a fair deal.Retirement Accounts and Business ValuationsRyan and Brett address how retirement accounts and closely held businesses are treated in a divorce. They highlight the challenges of dividing these assets and how a business valuation expert can help ensure the assets are accurately valued and fairly distributed.What is Divorce at Altitude? Ryan Kalamaya and Amy Goscha provide tips and recommendations on issues related to divorce, separation, and co-parenting in Colorado. Ryan and Amy are the founding partners of an innovative and ambitious law firm, Kalamaya | Goscha, that pushes the boundaries to discover new frontiers in family law, personal injuries, and criminal defense in Colorado. To subscribe to Divorce at Altitude, click here and select your favorite podcast player. To subscribe to Kalamaya | Goscha's YouTube channel where many of the episodes will be posted as videos, click here.  If you have additional questions or would like to speak to one of our attorneys, give us a call at 970-429-5784 or email us at [email protected].************************************************************************DISCLAIMER: THE COMMENTARY AND OPINIONS ON THIS PODCAST IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES AND NOT FOR THE PURPOSE OF PROVIDING LEGAL ADVICE. CONTACT AN ATTORNEY IN YOUR STATE OR AREA TO OBTAIN LEGAL ADVICE ON ANY OF THESE ISSUES.