On this episode of the podcast, Branden Ducharme and guest Monica Owens dive into the world of divorce mediation, financial planning, and real estate investments. From early financial planning to asset division, they cover it all, including splitting 401(k) accounts, the significance of Qualified Domestic Relations Orders (QDROs), and options like lump sum buyouts for alimony. They also explore the impact of alimony on post-divorce financial stability, the complexities of mortgages and assumable loans, and the challenges faced by entrepreneurs in divorce. Tune in for valuable insights on transparency, alignment, and communication in navigating the complexities of divorce.

[00:00:00] Mediation is key in divorce process.
[00:07:34] Collaborative mediation for divorce financial planning.
[00:14:57] IRA and Roth IRA tax implications.
[00:22:00] Ex-spouse rules differ in divorce. Plan ahead.
[00:29:00] Navigating divorce and financial implications.
[00:36:28] Individualized financial planning key to successful divorce.
[00:43:08] Restaurants in Northern Utah, business assets.
[00:50:15] Financial alignment crucial for marital success.
[00:58:08] Mediation can prevent costly divorce battles.
[01:04:48] Real estate and divorce mediation services.

#divorce #meditation #divorcefinances #finance #service #ex #spouse #podcast

DISCLAIMER: Branden DuCharme is an investment advisor representative of and offers investment advisory services through SCF Investment Advisors, Inc. an SEC Registered Investment Advisor • 10150 Meanley Drive First Floor San Diego, CA 92131• (800) 955-2517 • www.scfsecurities.com SCF Investment Advisors, Inc. and DuCharme Wealth Management are separate entities.

The information in this podcast is current at the time of recording. It is based upon sources and data believed to be accurate and reliable. The information, opinions, and forward-looking statements expressed herein are subject to change without notice. Moreover, all comments & opinions voiced herein are for informational and entertainment purposes only and are not intended to provide specific advice or recommendations and should not be interpreted as such. Further the opinions expressed are Branden DuCharme’s and his guests and do not reflect the views and opinions of SCF Investment Advisors or any of its affiliates.

Investing involves risk including possible loss of principal. No strategy assures success or protects against loss. To determine what is appropriate for you, consult your financial professional. This information is not intended to be a substitute for specific individualized tax or legal advice. DuCharme Wealth Management and SCF Investment Advisors do not provide legal or tax advice. These services are provided by separate entities.

The guest speakers featured in this podcast are not affiliated with SCF Investment Advisors nor are they affiliated with DuCharme Wealth Management unless otherwise indicated….(read more)

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Divorce is often considered one of the most challenging and emotionally draining experiences a person can go through. It can be especially difficult when there are shared assets such as a home or investments involved. Navigating divorce requires careful planning and consideration, particularly when it comes to mediation, financial planning, and real estate investments.

Mediation is a commonly used method for resolving disputes during a divorce. It involves a neutral third party who helps the couple reach agreements on issues such as custody, property division, and support payments. Mediation can be a more cost-effective and less contentious alternative to going to court, as it allows both parties to have a voice in the decision-making process.

When it comes to financial planning during a divorce, it’s important to take stock of all assets and liabilities and create a plan for how they will be divided. This includes real estate investments, which can be a valuable source of income or a significant asset to be divided. It may be necessary to hire a financial planner or consultant who can help navigate the complexities of dividing assets and planning for the future.

Real estate investments can be particularly tricky during a divorce, as they often represent a substantial portion of a couple’s assets. If the couple owns rental properties or other real estate investments, it may be necessary to determine how to divide or sell the properties in a fair and equitable manner. This can be a complicated process that may require the expertise of a real estate agent or attorney.

One important consideration when dealing with real estate investments during a divorce is the tax implications. Selling a property can trigger capital gains taxes, which can significantly impact the amount of money each party receives. It’s important to consider these tax implications and plan accordingly when dividing real estate investments.

Overall, navigating divorce requires careful planning and consideration, particularly when it comes to mediation, financial planning, and real estate investments. By working with professionals such as mediators, financial planners, and real estate agents, couples can ensure that their assets are divided fairly and that they are able to move forward with their lives.