Afford Anything Ask Paula: A Year Off Work, a Career Change, and a Divorce: How to Make It Work
Sep 13, 2023
In this live episode, the hosts answer questions on navigating divorce financially and planning for a one-year sabbatical. They discuss the division of assets in divorce, the importance of forensic accountants, and strategically increasing income post-divorce. They also cover financial planning quadrants, incorporating VA disability payments into financial planning, and offer strategies for long-term planning. The episode ends with playful conversation and promotions.
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Divorce Asset Split
- Don't assume a 50-50 asset split in divorce, even in no-fault states.
- Consult a Certified Divorce Financial Analyst (CDFA) for expert guidance.
Forensic Accounting in Divorce
- Hire a forensic accountant to uncover hidden assets during divorce.
- Their expertise can save you significant money and protect your interests.
Prenuptial Agreements
- Recognize that divorce is high-stakes, irreversible, and emotionally charged.
- Get a prenuptial agreement to protect yourself, regardless of current feelings.