In this episode, Olivia encourages couples to have a frank and open conversation about money and finances before getting married or in a new relationship. She believes that it is important for everyone to understand their relationship with money in order to make sound financial decisions. In addition, Olivia offers advice on how to keep financial problems from becoming marital conflicts.

Key Highlights

[00:07 – 08:18] Tips for women preparing for a divorce

• The taboo topic of money and divorce is still a barrier to discussing these topics.
• The importance of having a conversation about money before getting married.
• Money is a complex topic and it’s important to understand yourself and your relationship around it. 

[08:18 – 16:08] A Financial Advisor’s Suggested Steps for Individuals in the Midst of a Divorce

• Talking about finances and emotions with one another is the best way to avoid problems down the road.
• Communicating clearly with families is key

[16:08 – 24:08] How to Handle Divorce Proceedings

• Bringing in the right people – Trust officers, CPAs, attorneys 

[24:09 – 32:02] Money Issues and Divorce

• One way to prevent money problems from arising is to have regular conversations about finances.
• Prenups and postnuptial agreements can help couples make sure their wishes about money are clear.

[32:02 – 36:49] Closing Segment

• Visit http://www.summerhillfirm.com for more information

 Links Mentioned: 

Linkedin: https://www.linkedin.com/in/oliviasummerhill 

Site: https://www.summerhillfirm.com 

Podcast: https://open.spotify.com/show/4mAzSJfabFlWUOWhoaYrvZ 

Brian’s Linkedin: https://www.linkedin.com/in/brian-c-adams/