Protecting Your Assets During Divorce
PODCAST: Protecting Your Assets
In this episode, Stacy Francis joins exEXPERTS on their Divorce etc…podcast for a crossover interview. She talks with hosts, T.H. and Jessica, about the best ways to protect your wealth during divorce, how to decide who gets what, and what your biggest asset actually is.
- The biggest asset you have is your earning capability, which is even larger than the value of your home. Whether or not you have wealth to inherit does not impede your ability to earn ongoing income. Additionally, it’s the asset that women have most control over.
- Some things you can do to protect your nest egg are: ensure you have car insurance in your name, the right homeowner’s insurance, and insurance for your engagement ring if you decide to keep it. You can also sell your engagement ring and invest it, since the money it was bought with was premarital.
- It’s very rare that we have good financial surprises. An emergency fund is a powerful tool all women should have; it protects your overall financial stability because there will always be things you don’t plan for.
- Similar to a candle, you should never leave a credit card unmonitored. During a divorce, ensure that the credit card you use is in your name, and that you pay it off at the end of the month.