Episode Details

Divorce is never financially smart!

As a financial planner, I don't recommend divorce. It's bad for your finances!

However, you can go through it in the most financially smart way – to leave both of you in the best possible position.

We have seen quite a few people go through divorce.

We've seen some total disasters, fighting for years through lawyers with monstrous legal costs.

• A wife hiring one lawyer after another for years to keep going after her ex.

• A dentist declaring bankruptcy to avoid paying alimony.

We have helped clients go through it amicably while talking & agreeing on what to do.

• We can help identify the financially best way to divide assets.

• We can show how to minimize or avoid tax when dividing assets. Paying tax means you both get less.

I am a financial planner – not a lawyer. My insights here are based on experience about how to be as financially smart as possible.

In my latest podcast episode you'll learn:

• Why an amicable divorce is better.
• What to be aware of with lawyers.
• Working effectively with your lawyer.
• How to divide your assets the most effective way.
• Should you keep the house?
• What happens to the Smith Manoeuvre in a divorce?
• Should you split a pension?
• What options do you have with spousal & child support?
• What studies say about life after divorce.