Ep #25: Divorce Finances and Planning with Kristin Afelumo and Diane Gardner
I have two Certified Divorce Financial Analysts joining me today on the show to share some important insights into the financial side of divorce. Kristin Afelumo and Diane Gardner share their passion for financial planning and shed light on some lesser known sides of divorce that come into play.
You will hear some of the most important areas where you want to have a financial planner or analyst involved in a divorce and how they can help make the process clearer and smoother for everyone. Kristin and Diane shed light on some very specific places where attorneys and others make decisions that could negatively affect your finances or complicate things unnecessarily.
Listen to the Full Episode:
What You’ll Learn in Today’s Episode:
What the CDFA certification is and why Kristin and Diane decided to specialize in that area of financial planning.
The number one thing that impacts the financial side of divorce.
Where people often go wrong when it comes to the financial details in divorce paperwork.
The lack of clarity that is common amidst divorce settlements.
The difference between equitable and equal – and why that difference is so important.
When to engage a CDFA.
What collaborative divorce is and how it works.
The power dynamics between partners and how that plays into negotiations.
The most important things to remember if you’re heading into a divorce.
Ideas Worth Sharing:
“Attorneys have no training in finances and yet the first thing people think about when it comes to divorce is, “I need to find an attorney.”” - Kristin Afelumo
“Equitable does not mean equal. Just because someone says you’ll get 50% of something doesn’t necessarily mean that it’s going to be what’s best for you.” - Diane Gardner
Resources Mentioned:
Stanley T. Funches: LinkedIn
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