In this episode of Think Smart with TMFG, Rob McClelland and Mike Connon unpack the unavoidable financial challenges of divorce. They paint a detailed picture of financial complexities that couples should be aware of at the onset and conclusion of a divorce.
The episode offers a comprehensive probe into how divorce can impact different facets of life, from careers to businesses, and how crucially they tie into the finances of the separating couple. With child support, alimony, and distribution of assets at play, the financial landscape can become intricate.
Rob and Mike also touch on the division and distribution of properties post-divorce and the financial difficulties that can arise, especially for the less-earning party. The final discourse shifts to the sometimes forgotten victims of divorce- the children. The hosts discuss the complex aspects of support arrangements, their longevity, and the pressing need for a fair and clear agreement in child support matters.
With insights into estate planning, insurance, changes in wills and beneficiaries, and the importance of tax implications, this episode dives deep into how divorce impacts finances. And most importantly, it underscores a reliable financial advisor's essential role in navigating the tricky waters of separation and divorce.
Episode 63: Risk and Return: The Higher-end of Risk Related Investing
Episode 62: Getting Out of Canada: Should Investors Keep Their Money In Canada?
Episode 61: RISK It's Not Just a Board Game
Episode 60: COVID-19 Has Changed Retirement Forever for The Foreseeable and Maybe Forever
Episode 59: 9 Weeks Into COVID-19 - Lessons Learned
Episode 58: Mental Wellness
Episode 57: How Are Investors Protected?
Episode 56: Why Is the Stock Market Not Down More?
Episode 55: The Critical Role Mentors Play in Developing Your Investment Strategy
Episode 54: From WWI to Y2K: History Provides Some Context To Our Future
Episode 53: The World 3 Years After COVID-19
Episode 52: Lessons Learned 2008 to 2020
Episode 51: Coronavirus: Working From Home
Episode 50: Update Podcast: How Are We Dealing with Concerns Over Coronavirus?
Episode 49: Hard Advice: It's Really Not What You Want to Hear
Episode 48: Coronavirus Correction: Where Does it Leave You?
Episode 47: The Cobbler's Children Have No Shoes
Episode 46: And Now For What We've Done Well....
Episode 45: Simple Is As Simple Does
Episode 44: Owning Up to Some of The Bad Advice We've Given.
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