7 Key Strategies to Master Divorce Economics | Episode 211

Divorce at Altitude: A Podcast on Colorado Family Law

Welcome back to another insightful episode of Divorce at Altitude. After a brief summer hiatus, hosts Ryan Kalamaya and Bret Hirsh with Obermeyer Wood return to provide a sneak peek into a presentation they did at the Family Law Institute, an annual gathering of divorce professionals in Vail, Colorado. Ryan and Brett share valuable legal and financial insights for navigating the complexities of divorce.
Episode Highlights:
- Introduction to the Family Law Institute: Ryan introduces the Family Law Institute and the significance of the annual Divorce Lawyers Conference, where hundreds of professionals, including judges, gather to discuss the latest trends and strategies in family law.
- Key Strategy #1 - The Marital Balance Sheet: Discover the importance of creating and maintaining a marital balance sheet to make informed decisions during divorce proceedings. Brett emphasizes the role of financial advisors in assisting with this critical document.
- Key Strategy #2 - Understanding Tax Implications: Learn about the tax consequences of different assets, including retirement accounts and brokerage accounts, and why it's crucial to consider taxes when dividing assets.
- Key Strategy #3 - Mortgage Qualification and Debt Allocation: Explore the complexities of mortgage qualification and debt allocation in divorce, and how a financial advisor can help navigate these challenges.
- Key Strategy #4 - Liquid vs. Illiquid Assets: Ryan and Brett discuss the differences between liquid and illiquid assets, and the importance of understanding their impact on a client’s financial future post-divorce.
- Key Strategy #5 - Retirement Accounts: Learn how to properly address retirement accounts during divorce, including the role of qualified domestic relations orders (QDROs) and the potential pitfalls that can arise.
- Key Strategy #6 - Engaging Experts Early: Discover why engaging valuation experts and financial advisors early in the divorce process can save time, reduce stress, and lead to better outcomes for all parties involved.
Key Discussions:
- Importance of Cash Flow Analysis: Brett explains the significance of cash flow analysis in divorce, particularly when dealing with illiquid assets like real estate and businesses.
- Role of Financial Advisors: Understand how financial advisors can provide long-term financial planning and support during.

What is Divorce at Altitude?

Ryan Kalamaya and Amy Goscha provide tips and recommendations on issues related to divorce, separation, and co-parenting in Colorado. Ryan and Amy are the founding partners of an innovative and ambitious law firm, Kalamaya | Goscha, that pushes the boundaries to discover new frontiers in family law, personal injuries, and criminal defense in Colorado.

To subscribe to Divorce at Altitude, click here and select your favorite podcast player. To subscribe to Kalamaya | Goscha's YouTube channel where many of the episodes will be posted as videos, click here. If you have additional questions or would like to speak to one of our attorneys, give us a call at 970-429-5784 or email us at [e-mail].

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DISCLAIMER: THE COMMENTARY AND OPINIONS ON THIS PODCAST IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES AND NOT FOR THE PURPOSE OF PROVIDING LEGAL ADVICE. CONTACT AN ATTORNEY IN YOUR STATE OR AREA TO OBTAIN LEGAL ADVICE ON ANY OF THESE ISSUES.