Becoming Financially Savvy
PODCAST: Becoming Financially Savvy
In this episode, Stacy Francis joins the Healing Broken Families Podcast for a crossover interview. She shares how to create empowering strategies for financial planning and wealth management before, during, and after divorce. She explores becoming financially savvy and taking a step closer to financial mastery.
- Divorce incurs both short-term and long-term expenses. Most people don’t focus much on the long-term expenses, but they are arguably the more debilitating, especially for women, whose ability to rebound financially is less than their male counterparts.
- Some women going through divorce prefer to keep their marital home for a variety of reasons, some of which include maintaining stability and keeping expenses low. However, this decision often works against them, as they would have to give their spouse an asset(s) of equal value.
- In high net worth divorces, it is imperative that each party understands each account and what the tax implications of them are; they must not only look at what’s on their net worth statement, but also what it will look like after taxes.
- The most successful clients of Francis Financial are the ones who have a team of their matrimonial attorneys, financial coaches, and therapists. They are better equipped to work effectively with their attorneys and deal with difficult spouses.
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