
Episode 30: Financial Fear? Get Prepped & Prepared For Your Financial Divorce
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Our Guest For This Episode:
Michael Conticelli
Michael Conticelli, CFS, CDFA®, is a seasoned Certified Divorce Financial Analyst with over 20 years of experience helping individuals navigate the financial complexities of divorce. With a background as a financial planner and former divorce mediator, Michael brings clarity, strategy, and compassion to his work—empowering clients to make informed decisions about their financial future. He specializes in property division, tax implications, and long-term planning, offering a collaborative, solution-focused approach for equitable outcomes.
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SummaryIn this episode of the Better Than Bitter podcast, host Tania Leichliter speaks with Michael Conticelli, a certified divorce financial analyst, about the complexities of navigating divorce from a financial perspective. They discuss the importance of mediation, the role of a CDFA, and strategies for equitable asset division. Michael emphasizes the need for emotional support during the divorce process and provides insights on when to engage a financial analyst. The conversation highlights the significance of starting early, staying organized, and approaching negotiations reasonably to achieve amicable resolutions.
Takeaways- Start early in the divorce process to understand your financial situation.
- Everyone can benefit from a Certified Divorce Financial Analyst (CDFA).
- There is no winning in divorce; it's about equitable division.
- Emotional support is crucial during the divorce process.
- Stay organized and understand your financial starting point.
- Prepare for life changes after divorce, including financial adjustments.
- Negotiate reasonably to avoid conflict and ensure fair outcomes.
- Utilize a CDFA for both immediate divorce needs and future financial planning.
- Consider the emotional implications of asset division and negotiations.
- Engage a coach to help process emotions during the divorce.
Navigating Divorce: Financial Insights for a Smooth Transition
The Importance of Mediation in Divorce Financial Planning
Sound Bites
"Start early in the divorce process."
"Everyone can benefit from a CDFA."
"There is no winning in divorce."
00:00 Introduction to Divorce Financial Analysis
02:42 The Importance of Mediation in Divorce
05:23 Collaborative Divorce Approaches
08:36 Gender Dynamics in Divorce Support
12:05 The Role of a Certified Divorce Financial Analyst
13:27 When to Engage a CDFA
16:24 Pricing Strategies for Divorce Financial Services
17:58 Understanding Financial Changes Post-Divorce
22:30 Different Roles of a CDFA
25:21 Asset Division Strategies in Divorce
27:22 Understanding Settlement Options in Divorce
29:27 Personal Experiences with Asset Division
31:53 Navigating Financial Decisions Post-Divorce
34:12 Emotional Challenges in Dividing Assets
35:19 The Importance of Reasonable Negotiation
40:27 Changing Perspectives on Fairness
44:39 Compassionate Communication in Divorce
47:57 Key Takeaways for a Successful Divorce Process
51:30 Introduction to Amicable Divorce
52:59 Resources for Support and Growth
divorce, financial analyst, mediation, collaborative divorce, asset division, emotional support, divorce coaching, amicable resolution, financial planning, divorce process
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