AVOID FINANCIAL ERRORS IN DIVORCE SETTLEMENT
Mark C. Hegstrom, AIF CDFA
Certified Divorce Financial Analyst
Attendees will learn how to avoid financial errors in the divorce settlement. I find that for most of my clients, the number one issue is maintaining positive cash flow – in other words, paying the bills on a monthly basis – not only on the day after divorce, but 5, 10, 15 years into the future. In order to meet cash flow needs, there are three sources of money that may be available to you as a result of your divorce: child support, spousal support, and marital property.
We will review property division and retirement accounts, how equal amounts may not be equal at all when you consider tax effects. Some divorces do settle 50/50. However, it can make a huge difference which 50 percent you get. In other words, all assets are not created equal. We will use a case study of Ken and Kate to illustrate these points and talk about short term and long term effects of three different settlement offers.
Participants will have a chance to win a free "Divorce Survival Guide."