Episode 195 - Post-Divorce Money Moves You Need To Know

Divorce can be an emotional and financial grind, but there is more left to do to protect your financial future. In this episode, Mardi Winder-Adams welcomes back Gina Phillips, a certified divorce financial analyst (CDFA) and founder of WNY Divorce Financial Advisors. Together, they focus on the often-overlooked period after a divorce is finalized, a time when many people believe the hardest part is behind them, yet find themselves faced with a host of new financial responsibilities. Gina shares her extensive experience in working with women post-divorce, guiding them through critical steps such as handling property deeds, refinancing mortgages, updating beneficiaries, and navigating qualified domestic relations orders (QRDOs) to ensure a secure future.

The conversation covers practical matters like establishing credit, transferring property titles, and the potential pitfalls of neglecting paperwork, which can lead to complicated situations with insurance or retirement accounts. Gina emphasizes the value of post-divorce financial education, encouraging listeners to carefully review settlement agreements and take proactive steps to set up estate plans, change beneficiaries, and address health insurance options. She shares real-life examples that highlight the challenges and sometimes unexpected consequences that can arise after the legal dust settles.

Mardi and Gina also discuss the importance of taking control of your financial identity, understanding your obligations and entitlements, and protecting your family with thoughtful planning. Throughout the episode, Gina’s warmth and clarity shine as she provides reassurance and actionable advice. Listeners are invited to access Gina’s Post Divorce Financial Checklist, ensuring no critical detail is overlooked as they move forward with confidence and independence.

For Gina's YouTube video about QRDOs go to https://www.youtube.com/watch?v=Kl94VzR_zc4

About the Guest:

Gina Phillips is the owner of WNY Divorce Financial Advisors, LLC, where she passionately dedicates herself to empowering individuals navigating marital transitions to regain control over their financial well-being. As a skilled liaison between clients and divorce mediators and attorneys, Gina is driven by personal experience and a deep understanding of the challenges that accompany divorce. Her pursuit of certification as a Divorce Financial Analyst (CDFA®) demonstrates her commitment to providing comprehensive support.

With over 30 years of experience in auditing and accounting fields, Gina brings a wealth of knowledge to her practice. Her certification as a CDFA® combined with her expertise enables her to offer compassionate and cost-effective assistance. Whether you are in the early stages of considering a divorce or currently navigating the complexities of the legal proceedings, Gina will guide you with empathy and expertise to ensure your transition is as smooth and financially secure as possible.

For Gina’s gift, the Post-Divorce Financial Checklist: https://6214433.hs-sites.com/post-divorce

To connect with Gina:

Linkedln: https://www.linkedin.com/in/gina-phillips/

Website: https://www.wnydivorcefinancial.com/default.php

Facebook: https://www.facebook.com/wnydivorcefinancial