Thriving Financially Through & After Divorce

Been There Got Out Podcast

Facing the financial unknown can be terrifying, especially when it comes to divorce. But what if you had a guide to lead you through the monetary maze of separation? Enter Catherine Shanahan from My Divorce Solution, our beacon of clarity in this episode. She joins us to debunk the myth that divorce is unaffordable and shines a light on the real cost of staying in an unhealthy marriage. With her deep financial acumen, Catherine delves into the essential realm of financial literacy, from dissecting tax returns to confronting the daunting task of substantiating financial claims against a narcissistic partner.
When the division of assets looms large on the horizon of a divorce, being unprepared is not an option. Catherine walks us through the critical role of Qualified Domestic Relations Orders in splitting retirement assets, and how a specialized QDRO administrator can make all the difference. We also grapple with the thorny issue of asset dissipation and infidelity, stressing the importance of meticulous documentation and cost-benefit analysis. Catherine implores listeners to keep their emotions in check, to focus on the facts, and to understand that sometimes the fight for financial justice is worth the battle.
Finally, we chart the course for financial recovery post-divorce, tackling the challenge of rebuilding credit with the same precision as a strategic game plan. Catherine offers sage advice on why it's vital to maintain a strong credit score and outlines the refinancing ropes for the family home. Her empowering message reinforces the value of education through My Divorce Solution's resources, equipping our listeners with the tools to take control of their financial futures. After all, knowledge isn't just power—it's peace of mind during life's most tumultuous transitions.