Episode 21

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Published on:

17th Jan 2023

Optimizing Your Financial World - Episode 21 (Safeguarding Assets From an Ex-Spouse)

While divorce rates in the U.S. have generally been falling for some time, the sad fact is that many marriages don’t work out.

On the latest episode of Optimizing Your Financial World, we’re examining ideas and options for protecting financial assets in the event that a marriage, yours or that of a loved one, ends in divorce.

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:33 - Divorce has become a popular financial discussion in recent history

2:27 - Couples should be factoring the potential for divorce into their wealth planning

3:30 - It's not easy discussing the potential for divorce

4:56 - Asset protection strategies available to you

6:27 - Asset protection and property depends on which state you live in

7:13 - Important concepts surrounding "marital assets" that people should understand

9:37 - Leveraging a prenuptial agreement

12:00 - Utilizing trusts (DAPT's) for asset protection

14:10 - Less complex asset protection strategies you can utilize

16:34 - How to get in touch with Mark and his team

17:40 - Closing remarks


Connect with Mark Wade:

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About the Podcast

Optimizing Your Financial World
It's about how much you get to keep!
Welcome to Optimizing Your Financial World, where we tackle an array of financial strategies and wealth management topics to help better position you, your family, or your business for a better future.

Each episode features Mark Wade, President of Echelon Family Office, who brings over four decades worth of experience in wealth management and investment planning to the show. Mark regularly works with affluent families and entrepreneurs to help better position their portfolios given their personal and professional goals.

Listen as Mark explores a new financial topic each episode and offers guidance on navigating these complex circumstances. At the end of the day, it's not about how many assets you have or how much income you create, it's about how much you get to keep!

So sit back, relax, and allow Mark to shed some light on countless financial strategies and his methodologies for helping four decades worth of clients optimize their financial world.