The Divorce Financial Checklist: Are You Ready?

Summary:

In this episode of Navigating Consumer and Family Law Challenges, hosts Amanda Hill and Sara Khosroabadi discuss the critical financial aspects of divorce. They explore the importance of financial preparedness, common mistakes people make, and how to navigate assets, debts, and shared expenses. The discussion also highlights financial tools, professionals, and strategies to ensure a smoother transition into post-divorce life.

Timestamps:

00:00 – Welcome to Navigating Consumer and Family Law Challenges
00:07 – Introduction: The Divorce Financial Checklist
00:34 – Why people delay filing for divorce due to financial concerns
02:00 – Staying together for financial reasons: A common dilemma
02:50 – Defining financial readiness for divorce
03:46 – Common financial mistakes during divorce
05:51 – The risks of informal agreements without knowing the full financial picture
07:48 – Steps to create a financial readiness plan
10:02 – Handling shared debts, mortgages, and loans fairly
12:04 – Understanding community property laws in California
12:46 – Dividing personal property: What happens to household items?
14:51 – Financial tools and professionals to consult before filing for divorce

About the Show:

Navigating Consumer and Family Law Challenges provides expert insights from Southern California’s trusted attorneys, Amanda Hill and Sara Khosroabadi. Covering topics in family law, consumer protection, and employment law, the show aims to offer professional guidance and practical advice to help individuals navigate complex legal situations.