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459: Divorce Season: How to Protect Your Financial Future During Separation

459: Divorce Season: How to Protect Your Financial Future During Separation

FromBiggerPockets Money Podcast


459: Divorce Season: How to Protect Your Financial Future During Separation

FromBiggerPockets Money Podcast

ratings:
Length:
48 minutes
Released:
Oct 16, 2023
Format:
Podcast episode

Description

Marriage and money are known for mixing like oil and water, but a little financial knowledge will allow you to navigate these sensitive issues with confidence. Today’s guest is an expert on this front and is here to equip you with some future-saving finance tips!
Welcome back to the BiggerPockets Money podcast! In this episode, we’re joined by Tracy Coenen, a forensic accountant who specializes in unearthing money shenanigans in marriages. On most days, Tracy works closely with spouses who suspect financial infidelity or that their partner is making financial arrangements in preparation for a divorce. This is a vulnerable position for any partner to be in, but with Tracy in their corner, they can better handle their finances and weather the storm.
Whether you’re single, preparing for marriage, or filing for divorce, this episode is loaded with all kinds of personal finance tips that will help you protect your financial future. Tracy shares why it’s critical for all couples to draft up prenuptial agreements before getting married, the biggest warning signs of financial infidelity in a partner, and when you might need to hire a forensic accountant to assist with your marital money problems. Stay tuned until the very end to hear about some of the wildest cases Tracy has worked on over the years!

In This Episode We Cover
Common marriage and money-related stressors that contribute to divorce
When to hire a forensic accountant for your marital money issues
The biggest warning signs of financial infidelity or divorce planning
Why you and your partner NEED a prenuptial agreement before getting married
Keeping legal costs under control during the divorce process
How a couple’s finances and assets are typically divided in a divorce
And So Much More!

Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Scott's Instagram
Mindy on BiggerPockets
Grab Scott’s Book, “Set for Life”
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Money Moment
What Out for These Financial Infidelity “Red Flags” in Your Marriage w/ Tracy Coenen
Why You’re (Probably) Wrong About Prenups w/ Aaron Thomas
Money and Relationships: How to Have “The Talk” Before It’s Too Late w/ Vivian Tu
Getting Financially “Naked” with Your Significant Other w/ Erin Lowry
Connect with Tracy and Get $100 Off Your Divorce Money Guide

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-459
 
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Released:
Oct 16, 2023
Format:
Podcast episode

Titles in the series (100)

For those who have money… or want more of it! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.