Cases & Cocktails

Financial Planning After Divorce with Alex Groth – Episode 22

The Eggleston Law Firm Season 1 Episode 22

In Episode 22 of Cases & Cocktails, Bryan and Janice Eggleston welcome Alex Groth from Springline Wealth to discuss the essential topic of financial planning after divorce. With nearly two decades in the financial services industry, Alex brings clarity and practical strategies for managing money after a marital split. Over a bourbon-based Boulevardier cocktail, the trio dives into how individuals can regain control over their financial future and avoid costly missteps.


Divorce, Finances & Starting Fresh

Bryan and Janice regularly encounter clients going through divorce who are overwhelmed by the financial implications. Many haven't handled household finances before and are unsure where to begin. Alex explains that the first step is understanding cash flow—knowing what comes in, what goes out, and creating a realistic budget.

He also highlights the importance of:

  • Identifying all financial accounts and investment vehicles (401(k)s, IRAs, pensions, annuities, etc.).
  • Updating account titles and beneficiaries post-divorce.
  • Clarifying goals, as financial priorities often shift after a major life event.


Common Mistakes to Avoid

Alex points out that many people treat every investment account the same, investing with identical strategies regardless of the account's purpose. Instead, he encourages a goal-based approach that aligns risk tolerance and investment strategy with short- and long-term objectives.

Other frequent oversights include:

  • Failing to update beneficiaries on retirement accounts or life insurance.
  • Neglecting to create or revise a will or estate plan after a divorce.
  • Not considering the need for a prenup when entering a new relationship post-divorce.


DIY Financial Planning? Start Here

For those not ready to hire a financial planner, Alex recommends starting with these steps:

  1. Create a basic budget – Know your essential expenses.
  2. Review account beneficiaries and insurance policies.
  3. Start setting financial goals – even if you don’t have all the answers yet.

When you're ready, working with a professional can help ensure your strategy is aligned with your goals and risk profile. Alex emphasizes that financial planning is not one-size-fits-all—especially after divorce.


Team Approach: Your Legal and Financial Advisors Should Work Together

One of Alex's core principles is collaboration. He encourages clients to work with financial planners, attorneys, and accountants who communicate with each other. This integrated team approach ensures a cohesive plan and avoids conflicting advice.

"We aim to be the quarterback or coach, organizing the client's team to work toward a common goal," Alex explains.


Final Thoughts

Financial planning after divorce doesn’t have to be overwhelming. Whether you’re rebuilding, protecting your assets, or planning for a new future, professionals like Alex Groth at Springline Wealth can help you gain clarity and confidence.

📅 Learn more at springlinewealth.com

📺 Subscribe to Cases & Cocktails for weekly episodes on Texas family law—served with insight and a splash of bourbon. Cheers to fresh starts!