Episode Details

If you own a business, or your spouse does, or you built one together, divorce just got more complicated. You may be wondering, how will divorce impact the business? I'm so glad I have returning guest Jennifer Lee to answer this and other important questions.

In this episode, we get into what happens to the business you built together, what happens when there's been financial infidelity and the numbers don't add up or what to do when your spouse suddenly claims the business is tanking right as divorce hits the table.

Whether you're co-owners trying to figure out what comes next, or you're staring down a spouse who suddenly can't account for where the money went, this conversation will help you understand what you have, what you're owed, and how to make sure you don't walk away with less than you deserve.

What you'll hear about in this episode:

• Running the business together and getting divorced: whether you can actually keep it going, and what you need to get in writing when you do (2:36)
• When there's financial infidelity, the divorce is not amicable and what it takes to get to the real value of a business that's caught in the middle (6:04)
• Some considerations for business asset division during divorce (13:10)
• What to do when divorce is on the table and all of a sudden "the business isn't worth anything!" (17:23)
• How to handle avoidance and secrecy around financial disclosures (23:06)
• How Jennifer works with clients in the middle of a divorce, from financial triage to making sure you are walking away with what you are owed (25:12)

Learn more about Jennifer Lee:

Originally from Maryland, Jennifer brought her over 27 years (44 years if you count going into the office with her father as a child) of expertise in the financial services industry to Florida. Jennifer has found that a relationship with an advisor is most critical at the intersections in life where emotions collide with financial events. She enjoys facilitating her clients through challenges as they experience life's upsets such as divorce, the loss of a spouse, or business to retirement transition. Whether you are experiencing divorce, a business client expanding or selling your operation, or a couple wanting to make sure they have provided for their family, Modern-Wealth may be a good fit. Jennifer provides a fresh perspective to the financial planning process by digging deep to understand what drives her clients. At Modern-Wealth, they build long-lasting relationships. As part of their process, they encourage clients to communicate their values to the most important people in their lives by writing a family love letter. This led her to write "Squeeze the Juice: Live With Purpose-Then Leave a Legacy.

Resources & Links:

Kate Anthony's Complete Parenting Plan Focused Strategy Sessions with Kate The Divorce Survival Guide Resource BundlePhoenix Rising: A Divorce Empowerment CollectiveKate on InstagramKate on FacebookKate's Substack Newsletter: Divorce Coaching Dispatch The Divorce Survival Guide Podcast Episodes are also available YouTube! Seven Step Mindset Reset for Divorce

Connect with Jennifer Lee:

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