Your Money. Your Mission.
The show that helps you maximize your wealth by turning complex financial situations into actionable advice. On Your Money. Your Mission., we answer the questions you’ve been asking about -- financial planning, investing, retirement and everything in between. Whether you’re navigating the complexities of the market or looking for the best ways to save or spend your money, tune in to hear from experienced financial advisors with JFG. Walk away from each episode with savvy tips and financial tools to help you have confidence in your financial future.
Your Money. Your Mission.
How to Prepare for Divorce Part 1: Disclosure Statements and Marital Debt
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Divorce is one of the most emotionally and financially complex transitions a person can face and walking into it unprepared can cost far more than anticipated. In part one of this two-part series, host and SVP Wealth Fiduciary Advisor, Kelly Mould, is joined by former court commissioner and VP Wealth and Estate Administrator, Liz Pfeuffer, to break down the financial side of divorce.
We cover what documents to gather before filing, how to navigate legal representation (and why that "bulldog" attorney might not be your best bet), the critical role of the Financial Disclosure Statement, how marital debt works in Wisconsin and why the decisions made in a divorce are — in most cases — permanent. Whether contemplating divorce or in the thick of it, this episode delivers courtroom-tested guidance into actionable next steps.
Stay tuned for part two which will cover cryptocurrency, marital waste, the family home and common divorce myths!
In this episode:
- 00:00 – 03:57: Intro and Documents to Gather Before Filing
- 03:58– 10:55: The Importance of Legal Representation
- 10:56– 20:34: Financial Disclosure Statements and Marital Debt
- 20:35 – 24:30: Professional Guidance After the Divorce
- 24:31 – 26:52: Final Tips and Preview of Navigating Divorce Part 2
Additional resources:
- The Retirement Roadmap: A Guide for Each Decade | Johnson Financial Group
- Happily Ever After (or Not): Legal and Financial Realities of Relationships | Johnson Financial Group
- Starting Over After 50: The Realities of Gray Divorce | Johnson Financial Group
- Family Estrangement: How to Navigate Financial Implications and Find Peace | Johnson Financial Group