Don't Screw up Divorce

This episode discusses the topic of hidden assets in a high net worth divorce, exploring how wealthy spouses conceal money and how forensic accountants find it. It also covers the importance of the net worth statement, the role of forensic accountants, and the significance of information in high net worth divorces.TakeawaysHidden assets in a high net worth divorce can be the result of deliberate concealment, lack of disclosure, or quiet minimization of assets.The net worth statement is a foundational document in the financial side of a divorce case, and the right forensic and financial professionals can turn invisible assets into visible ones, providing leverage for a fair settlement.Visit Fmdwealth.com for more info.

The podcast episode covers the topic of equitable distribution in divorce, focusing on the 50-50 divorce myth, the difference between marital and separate property, statutory factors for equitable division, the real value of assets, liquidity as a driver of settlement quality, marital waste, trading across asset categories, and understanding equitable distribution. The host, Fabian Degen, provides expert insights and answers frequently asked questions related to high asset divorce in New York.TakeawaysEquitable distribution is not always equal distributionLiquidity is a crucial factor in divorce settlement qualityChapters00:00 Introduction and Expertise06:05 Statutory Factors for Equitable Division12:31 Marital Waste and Pre-Filing Transfers17:51 Frequently Asked QuestionsVisit Fmdwealth.com for more info.

The podcast discusses the complexities of high net worth divorces and the importance of financial planning in addition to legal representation. It emphasizes the need for early involvement of a financial advisor or certified divorce financial analyst to ensure a favorable long-term financial outcome.TakeawaysFinancial planning is crucial in high net worth divorcesEarly involvement of a financial advisor is essential for a favorable long-term financial outcomeChapters00:00 The Complexity of High Net Worth Divorces09:49 Tax Implications and Settlement Structuring16:27 The Definition of Winning in DivorceVisit Fmdwealth.com for more info OR click HERE to schedule a call.

The podcast episode discusses the pre-divorce financial checklist that every high-asset spouse should consider before filing for divorce. It covers topics such as taking a full inventory of assets, proving pre-marital assets, managing debt and accounts, understanding household cash flow, building the necessary team for a high-asset divorce, and the importance of quiet preparation and avoiding common mistakes.TakeawaysPre-divorce financial checklistBuilding a team for high-asset divorceChapters00:00 Introduction and Podcast Topic05:18 Proving Pre-Marital Assets12:50 Building the Necessary TeamVisit Fmdwealth.com for more info OR click HERE to schedule a call.

The podcast episode discusses the intricacies of New York's maintenance cap and its impact on divorce settlements. It covers the calculation, application, and implications of the maintenance cap, as well as the considerations for standard of living, income, tax, duration, financial modeling, negotiation, and client questions.TakeawaysUnderstanding the maintenance cap is essential for building a settlement that holds up over the next decade or more.Maintenance negotiation should be based on a full financial picture, not just a single number on a page.Chapters00:00 Introduction and Podcast Title06:50 Income Considerations for Maintenance11:56 Financial Modeling and Negotiation of MaintenanceVisit Fmdwealth.com for more info OR click HERE to schedule a call.

The podcast episode discusses the concept of market downturns as opportunities and the strategy of dollar cost averaging. It explores the emotional reality of investing in a down market, the real cost of pausing investments, the failure of market timing, and the power of dollar cost averaging. It also delves into reframing mindset around market volatility and provides practical steps to stay the course, emphasizing the opportunity within market downturns.TakeawaysMarket Downturns as OpportunitiesDollar Cost AveragingChapters00:00 Understanding Market Downturns08:45 The Real Cost of Pausing Investments16:31 Practical Steps to Stay the Course

The podcast discusses the decline of hard stop retirement, the evolution of retirement planning, the changing nature of work, forces driving the gray zone, benefits of partial retirement, the growing practicality of partial retirement, the gray zone as a legitimate path, variety in the gray zone, financial considerations for the gray zone, healthcare and cash flow planning, tax planning for the self-employed gray zone, and intentional design of the gray zone.TakeawaysPartial retirement offers financial flexibility and a gradual transition to a new chapter.The gray zone is a legitimate and financially superior path for retirement.

The podcast episode discusses 10 tips for navigating a divorce affordably and with ease. It covers the cost of divorce, choosing the right process, open communication, do-it-yourself divorce, mediation vs. litigation, dividing assets, child custody and support, legal resources for affordable divorce, common mistakes to avoid, and financial planning after divorce.TakeawaysCost of divorceChoosing the right divorce processOpen communicationDo-it-yourself divorceMediation vs. litigationDividing assetsChild custody and supportLegal resources for affordable divorceCommon mistakes to avoidFinancial planning after divorce

The podcast episode discusses the financial aspects of navigating divorce, emphasizing the importance of professional support and practical actions to reduce uncertainty. It covers the role of a CDFA, legal guidance, managing credit and joint accounts, creating a clear budget, building a financial roadmap, addressing key financial issues, and transitioning post-divorce with the help of professional financial support.TakeawaysFinancial planning during divorceImportance of professional support

Navigating the divorce process in New York involves understanding the factors that influence the duration of the case, the differences between contested and uncontested divorces, the role of mediation and arbitration, common delays, and resources available for support. Preparation, proactive steps, and seeking professional guidance can expedite the divorce process and reduce emotional and financial strain.TakeawaysFactors influencing divorce durationDifferences between contested and uncontested divorces

The episode discusses the negative impact of the financial news cycle on long-term investors, emphasizing the need for intentional consumption and informed decision-making. It highlights the dangers of reacting to news and the keys to long-term investing success.TakeawaysFinancial news can create anxiety for long-term investors.Intentional consumption and informed decision-making are crucial for long-term investing success.Chapters00:00 The Impact of Financial News06:30 The Danger of Social Media

The role of a Certified Divorce Financial Analyst (CDFA) is crucial in providing comprehensive financial planning and guidance during divorce. This episode dives deeper into what one can provide and why having one might be useful.