How you spend your money is, in many ways, how you spend your life. So how can you generate not just a return on your investments, but a return on life? Welcome to the Own Your Wealth podcast. Whether you’re a working professional, a small business owner, or thinking about retirement, listen in as host Jason Deshayes of Cook Wealth discusses tax strategy, financial planning, and more to equip you to live life empowered and truly own your wealth.
Divorce Lawyer Talks Top 5 Financial Considerations
Are you going through a divorce? Do you know someone who is going through a divorce?
There are a lot things to think about during a divorce and there are some big mistakes people can make if they act out of emotion. Hear what Elizabeth Stephenson and Jason Deshayes have to say about navigating finances during a divorce.
In this episode, you'll learn about:
What does New Direction Family Law do?
Managing Expenses During Divorce
Getting a New Home after Divorce
Figuring Out Income During a Divorce
Business Owner Income During a Divorce
Splitting Retirement Assets During a Divorce
Dealing with the Marital Residence During a Divorce
Dividing Property During a Divorce
and more!
Connect with Elizabeth
"I get to make people's lives better everyday" Elizabeth A. Stephenson, MSW - New Direction Family Law
https://newdirectionfamilylaw.com/about/elizabeth-stephenson/
Get a Consultation with New Direction Family Law - https://newdirectionfamilylaw.com/
The Ex-It Strategy Podcast (Your No Bullsh$t Guide to Divorce) - https://newdirectionfamilylaw.com/podcasts/
Connect with Jason
LinkedIn
Website Bio
2 Sept 2024
Financial Advice for People with Aging Parents – Sandwich Money Part 3
Do you have aging parents and kids? This video is for you. It's the third video from our Sandwich Money series, where Mike and Sophie discuss financial considerations for adults who have aging parents while also caring for their own children. At the end, Mike asks "Is it more impactful for them [beneficiaries] to get a big lump sum after they've already gotten through those hurdles on their own?"
This video is part 3 of a 3-part series called "Sandwich Money", where Sophie and Mike discuss financial advice for adults who are sandwiched between raising children and caring for aging parents.
Part 1: Financial Advice for Young Parents
Part 2: Financial Advice for Adults with Children in the Workforce
Part 3: Financial Advice for Adults with Aging Parents
Topics in this episode include:
What do people with aging parents face financially?
Planning for long-term care
Why is it important to talk to your parents about their estate plan?
How can I bring up the estate plan talk with my parents?
Who do you decide who to make the executor of your will? the POA?
How do you set up a will without stress?
Have you ever had an executor challenge their parents?
When's the right time to talk to your parents about their estate plan?
Bonus time: Retirees, how can you make sure your kids are comfortable and ok?
Retirees taking families on trips vs giving a lump sum inheritance
Connect with Sophie
LinkedIn: Sophie Howell
Cook Wealth Bio: Sophie Howell
Connect with Mike
LinkedIn: Michael Holloway, CFP®
Cook Wealth Bio: Mike Holloway
26 Aug 2024
Financial Advice for Parents of Adult Children – Sandwich Money Part 2
Are your kids starting new jobs? Graduating college soon? Getting promoted? Do they listen to you? Do you wish there was a mutual third party to help set them up for financial success? This video is part 2 of a 3 part series called "Sandwich Money", where Sophie and Mike discuss financial advice for adults who are sandwiched between raising children and caring for aging parents.
Part 1: Financial Advice for Young Parents
Part 2: Financial Advice for Parents of Adult Children
Part 3: Financial Advice for Adults with Aging Parents
Topics in this episode include
Financial milestones for young adults
What should people consider with their first job offer?
Story: max your match, not max your contribution
Getting an unbiased third party for financial advice
Uncomfortable family conversations about money
Quality time instead of financial logistics and numbers
How do you introduce your young adult to a financial advisor?
What changes financially when you become an empty nester?
If you have multiple kids, who do you want to name as the executor?
A health scare that ended up positively
Cautionary tale: Have written agreements
Approaching the Estate conversation with your adult children
Ideal sequence of financial conversations for your adult children with an advisory team
What happens if you can't think of someone to be the executor of your will?
What's the scope of a corporate trust?
When do lawyers get involved?
Connect with Sophie
LinkedIn: Sophie Howell
Cook Wealth Bio: Sophie Howell
Connect with Mike
LinkedIn: Michael Holloway, CFP®
Cook Wealth Bio: Mike Holloway
Host of Own Your Wealth?
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