In our latest podcast episode, Scott Rose and Sharon Calhoun dive into financial considerations during and after a divorce. Sharon is managing director at Vector and holds a Certified Divorce Financial Analyst (CDFA®) designation. She emphasizes the importance of addressing both the emotional and financial aspects of divorce. Note that this episode is the second conversation on the topic of divorce and financial planning. For those wanting additional context, including a recording of the first conversation, please visit vectorwealth.com/divorce. For those going through a divorce, a critical first step is gathering all relevant financial documents, from bank statements to tax returns, to ensure full transparency. Sharon discusses the complexity of electronic records and stresses the importance of both parties knowing how to access these documents. Protecting your credit is another key focus, with advice on freezing accounts and monitoring credit reports. In the episode, Sharon also explains the difference between marital and separate property and how co-mingling assets can affect ownership. She emphasizes the importance of updating estate plans, beneficiary designations, and account titles post-divorce to avoid unintended consequences. Finally, Sharon advises listeners to create new financial plans based on their goals, whether short-term budgeting or long-term retirement planning. Whether you’re navigating a divorce or simply seeking solid financial best practices, this episode provides valuable insights on how to protect and plan for your financial future. ** Get video and audio recordings, a text transcript, and chapter start times–Available on our blog. - vectorwealth.com/regulatory V24283172
