For many, talking finances before walking down the aisle is the epitome of anti-romanticism. But host
Pat Barbarito and featured guest
Gary Botwinick believe that having a clear understanding of your individual and combined assets – and how you both expect to manage those – at the beginning of a marriage can actually lay the groundwork for a wonderful future or shine a light on irreconcilable incompatibility before it becomes devastating heartbreak.
Highlights include:
- Legal documents that everyone, regardless of marital status, should have e.g., will, living will, healthcare proxy, power of attorney, etc., and the importance of regularly reviewing the terms outlined;
- The legal rights and obligations one spouse owes another, e.g., forced inheritance, elective shares;
- Recommendations on when to have the prenuptial conversation with your potential partner and why it should cover more eventualities than a potential divorce;
- How preparing for divorce can and should impact financial decisions even before the proceedings are final;
- Why you shouldn’t depend on the terms in a will or a divorce decree to decide the distribution of your wealth;
- How cryptocurrencies and NFTs will challenge how assets are currently discovered; and so much more.
Be sure to follow Heartbreak & Hope with Pat Barbarito on Apple, Spotify, Amazon Music, or YouTube, or bookmark the official podcast webpage to keep the entire library at your fingertips.
