Expensive Mistakes Made in Complex Property Division Cases with Divorce Financial Professional Nicole Romito on The Divorce and Beyond Podcast #308

Susan Guthrie welcomes Top Financial Professional Nicole Romito as she shares some of the big issues to look for in a complex property divorce case. This episode can save you big bucks! 

We’ve discussed many financial issues that arise during divorce - including whether or not to keep the house, how to find hidden assets and more. In this episode, Nicole Romito will help us dive into the more difficult issues about asset division in divorce. There is no do-over when it comes to the division of assets. You are making life-altering decisions that will impact you for the rest of your life. Knowledge is power when it comes to these complex financial issues, and even more powerful is having a financial professional who knows what they’re doing. 

Nicole Romito, CFP, CDFA, is a Partner and Lead Advisor with Private Vista. While she has clients who are in all different cycles of life, she gets an extra boost collaborating with women who are going through a transition and are making life-altering financial decisions. This could be due to divorce, becoming a widow, selling their business, or being able to retire from their corporate executive career.

Topics and Golden Nuggets include:

• Why it is so important to have a financial planner on your divorce team
• The most common complex investment pitfalls
• “It’s a lot easier to come to agreements when it’s a win-win agreement.”
• Retirement, pensions, 401ks, and IRAs asset division 
• What you should be aware of about executive compensation

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About this week's special guest: Nicole Romito

Nicole Romito, CFP, CDFA, is a Partner and Lead Advisor with Private Vista. While she has clients who are in all different cycles of life, she gets an extra boost collaborating with women who are going through a transition and are making life-altering financial decisions. This could be due to divorce, becoming a widow, selling their business, or being able to retire from their corporate executive career.

What excites Nicole about what she gets to do each day? Helping women make smart and thoughtful decisions as they navigate an emotionally stressful time. Clients see her as a teacher, advocate, and partner. Having gone through a divorce herself and leaving a 10-year career with a bank to start my own financial planning practice, Nicole understands the stress of being 100% responsible for your financial security. That is why she invests extra time with her clients and their other professionals such as their attorney and CPA to create a plan which takes them from a place of fear and uncertainty to one of clarity and confidence. 

Whether it is a proposed divorce settlement, settling an estate or navigating deferred compensation plans and exercising employer stock plans on your way to retirement; her clients are relieved, that together, we create a forward-looking financial plan so they can see what the future may mean for them and their family. Since I walked by their side and never judged, during a very emotional time during which is it common to become flooded and unable to make decisions, they look to me as their ongoing partner to successfully manage their wealth.

Connect with Nicole: https://myprivatevista.com/index.html

Nicole on LinkedIn: https://www.linkedin.com/in/nicole-romito-cfp-cdfa-993b07/

Nicole on Instagram: http://instagram.com/nicole.romito

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MEET OUR CREATOR AND HOST:

SUSAN GUTHRIE®, ESQ., the creator and host of The Divorce and Beyond® Podcast, is nationally recognized as one of the top family law and divorce mediation attorneys in the country.  Susan is the Vice Chair of the American Bar Association Section of Dispute Resolution and is a sought-after keynote speaker, business and practice consultant, coach and trainer. You can find out more about Susan and her services here:  https://neon.page/susanguthrie

Internationally renowned as one of the leading experts in online mediation, Susan created her Learn to Mediate Online® program and has trained more than 25,000 professionals in how to transition their practice online.  Susan recently partnered with legal and mediation legend, Forrest "Woody" Mosten to create the Mosten Guthrie Academy which provides gold-standard, fully online training for mediation and collaborative professionals at all stages of their careers.  

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DISCLAIMER:  THE COMMENTARY AND OPINIONS AVAILABLE ON THIS PODCAST ARE FOR INFORMATIONAL AND ENTERTAINMENT PURPOSES ONLY AND NOT FOR THE PURPOSE OF PROVIDING LEGAL ADVICE.  YOU SHOULD CONTACT AN ATTORNEY IN YOUR STATE TO OBTAIN LEGAL ADVICE WITH RESPECT TO ANY PARTICULAR ISSUE OR PROBLEM.