21 min
Managing Debts and Emotional Burdens in Divorce Divorce for Wealthy Women
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- Self-Improvement
Introduction:
Divorce is a multifaceted challenge that touches every corner of life, from emotional wounds to financial strains. However, the journey through divorce can be eased with the right support, particularly from a knowledgeable financial planner. In this episode, Kaki Perdue, a CPA and certified financial planner, joins us to shed light on the crucial role of financial planners in guiding divorced individuals through the maze of financial complexities.
Main Discussion Points:
Understanding the Role of a Certified Financial Planner (CFP):
Kaki highlights the legal commitment of CFPs to act as fiduciaries, prioritizing the client's interests above their own.
She dives into the importance of this fiduciary duty in providing trustworthy guidance during divorce proceedings.
Navigating Emotional Burdens and Debts:
Kaki advises on the significance of managing emotional burdens alongside financial debts.
By setting emotions aside, individuals can effectively engage in productive discussions on resolving debts.
Strategies for Debt Resolution:
Adopting an open-minded approach to exploring various debt resolution strategies is crucial.
Kaki emphasizes the importance of understanding the pros and cons of different solutions before making decisions.
Post-Divorce Financial Review:
Kaki stresses the need for a comprehensive review and update of beneficiaries on investment accounts and life insurance post-divorce.
This ensures financial assets align with current wishes and avoid unintended beneficiaries, such as ex-spouses.
Trusting Instincts and Understanding Financial Decisions:
Kaki encourages listeners to trust their instincts and gain a thorough understanding of financial decisions, empowering them to make informed choices.
About Kaki Perdue:
Kaki Perdue is a seasoned CPA and certified financial planner with a wealth of experience in public accounting and tech industry finance. In 2023, she founded Look Both Ways Financial, driven by a commitment to providing judgment-free financial guidance to clients. Kaki's "Less is More" philosophy extends beyond financial planning to enriching lives. Outside work, she finds joy in outdoor pursuits like hiking, skiing, gardening, and camping.
Connect with Kaki:
Website: www.lookbothwaysfinancial.com
LinkedIn: www.linkedin.com/in/kakip
About the Podcast:
Hosted by Olivia Summerhill, a Certified Financial Planner, Divorce Specialist, and Money Coach, this podcast invites esteemed divorce professionals to share invaluable guidance for affluent women navigating divorce. With a focus on maintaining lifestyle and financial stability during and after divorce, Olivia discreetly assists high-net-worth women with their financial queries.
Connect with Olivia:
Website: www.summerhillfirm.com
LinkedIn: www.linkedin.com/in/oliviasummerhill
Conclusion:
In this episode, Kaki Perdue provides essential insights into managing the financial aspects of divorce, emphasizing the role of emotional well-being alongside debt management. By adopting a proactive approach and seeking guidance from trusted financial advisors like Kaki, affluent women can navigate divorce with confidence and secure their financial futures. Tune in to learn how to alleviate financial burdens and embrace a brighter post-divorce journey.
Introduction:
Divorce is a multifaceted challenge that touches every corner of life, from emotional wounds to financial strains. However, the journey through divorce can be eased with the right support, particularly from a knowledgeable financial planner. In this episode, Kaki Perdue, a CPA and certified financial planner, joins us to shed light on the crucial role of financial planners in guiding divorced individuals through the maze of financial complexities.
Main Discussion Points:
Understanding the Role of a Certified Financial Planner (CFP):
Kaki highlights the legal commitment of CFPs to act as fiduciaries, prioritizing the client's interests above their own.
She dives into the importance of this fiduciary duty in providing trustworthy guidance during divorce proceedings.
Navigating Emotional Burdens and Debts:
Kaki advises on the significance of managing emotional burdens alongside financial debts.
By setting emotions aside, individuals can effectively engage in productive discussions on resolving debts.
Strategies for Debt Resolution:
Adopting an open-minded approach to exploring various debt resolution strategies is crucial.
Kaki emphasizes the importance of understanding the pros and cons of different solutions before making decisions.
Post-Divorce Financial Review:
Kaki stresses the need for a comprehensive review and update of beneficiaries on investment accounts and life insurance post-divorce.
This ensures financial assets align with current wishes and avoid unintended beneficiaries, such as ex-spouses.
Trusting Instincts and Understanding Financial Decisions:
Kaki encourages listeners to trust their instincts and gain a thorough understanding of financial decisions, empowering them to make informed choices.
About Kaki Perdue:
Kaki Perdue is a seasoned CPA and certified financial planner with a wealth of experience in public accounting and tech industry finance. In 2023, she founded Look Both Ways Financial, driven by a commitment to providing judgment-free financial guidance to clients. Kaki's "Less is More" philosophy extends beyond financial planning to enriching lives. Outside work, she finds joy in outdoor pursuits like hiking, skiing, gardening, and camping.
Connect with Kaki:
Website: www.lookbothwaysfinancial.com
LinkedIn: www.linkedin.com/in/kakip
About the Podcast:
Hosted by Olivia Summerhill, a Certified Financial Planner, Divorce Specialist, and Money Coach, this podcast invites esteemed divorce professionals to share invaluable guidance for affluent women navigating divorce. With a focus on maintaining lifestyle and financial stability during and after divorce, Olivia discreetly assists high-net-worth women with their financial queries.
Connect with Olivia:
Website: www.summerhillfirm.com
LinkedIn: www.linkedin.com/in/oliviasummerhill
Conclusion:
In this episode, Kaki Perdue provides essential insights into managing the financial aspects of divorce, emphasizing the role of emotional well-being alongside debt management. By adopting a proactive approach and seeking guidance from trusted financial advisors like Kaki, affluent women can navigate divorce with confidence and secure their financial futures. Tune in to learn how to alleviate financial burdens and embrace a brighter post-divorce journey.
21 min