Divorce (2/2): What to Know Beforehand w/Blake Van Zile

Divorce – What to Know Beforehand

In this episode, we continue our discussion about divorce with attorney Blake Van Zile.  In the second part, we talk about some surprising things that come up in divorces, the affect of divorce on businesses, and what to look for in an attorney.  As well as a few funny anecdotes to break up the divorce-talk tension.

Unexpected things in divorce.  If you agree that one spouse can stay in the home, make sure that it is feasible financially.  One party may need to secure life insurance if they are responsible for child support or alimony.

Businesses in divorce.  If one or both spouses are business owners, decisions regarding the business often need to go through attorneys.  Often even a non-working spouse may have an interest in the business.

What do you look for in an attorney?  Someone you can talk to about everything - even the things that you said or did when very upset.  You need to trust them enough to be honest with them.

 

Tip of the Day:  When going through a divorce, revisit your estate plan to ensure that if something happens, your assets are distributed the way that you want them to be.

 

Huge thank you to our guest, Blake Van Zile.  Look her up on LinkedIn if you get a chance:  @BlakeVanZile

For more financial planning tips from Corey and Rachelle find them on LinkedIn: @CoreyJanoff and @RachelleVanderzanden or Twitter:  @CoreyJanoffCFP and @RachelleFinance

Discussions in this show should not be construed as specific recommendations, or legal or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Cambridge Investment Research, Inc., a registered Broker/Dealer, Member FINRA/SIPC.  Finity Group and Cambridge are not affiliated.