Divorce can be a complex and emotionally charged process, especially when it comes to finances.
In this episode of Grow Your Business & Grow Your Wealth, Gary Heldt speaks with Melissa Murphy Pavone, a Certified Financial Planner and Certified Divorce Financial Analyst. They discuss the common financial pitfalls of divorce, how to protect yourself financially, and the importance of financial communication in a relationship.
Key Takeaways:
→ Understand the tax implications of dividing different assets during a divorce.
→ Consider the impact of divorce on business ownership, including valuation and cash flow.
→ Ensure you have adequate life insurance coverage to protect your financial future in case of a spouse's death.
→ Address health insurance coverage and costs as part of your divorce settlement.
→ Engage in open financial communication with your spouse to avoid potential conflicts and ensure both partners are informed.
More from Melissa Murphy Pavone:
Connect with Melissa:
https://mindfulfinancialpartners.com/
https://tidycal.com/mindfulfinancialpartners
https://www.linkedin.com/in/melissamurphypavone/
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