Sunrise Edina Business Breakfast

AVOID FINANCIAL ERRORS IN DIVORCE SETTLEMENT
Speaker: Mark C. Hegstrom, AIF CDFA
Certified Divorce Financial Analyst

Attendees will learn how to avoid financial errors in the divorce settlement.  I find that for most of my clients, the number one issue is maintaining positive cash flow – in other words, paying the bills on a monthly basis – not only on the day after divorce, but 5, 10, 15 years into the future. In order to meet cash flow needs, there are three sources of money that may be available to you as a result of divorce: child support, spousal support, and marital property.

We will review property division and retirement accounts, how equal amounts may not be equal at all when you consider tax effects.  Some divorces do settle 50/50. However, it can make a huge difference which 50 percent you get. In other words, all assets are not created equal. We will use a case study of Ken and Kate to illustrate these points and talk about short term and long term effects of three different settlement offers.  

Bio: 

Mark C. Hegstrom, AIF, CDFA
Waterfront Financial Group

Mark Hegstrom is a Certified Divorce Financial Analyst (CDFA). He has specialized skills and experience that enables him to analyze the long-term financial impact of divorce. He has met specific education, experience, and ethical requirements to earn the CDFA designation. Mark’s goal is to help you to navigate through the divorce process and emerge financially independent on your feet.

Mark is a Managing Partner at Waterfront Financial Group in Golden Valley. In addition to Divorce, they provide financial planning and investment advisory services. Securities are offered through LPL Financial, member FINRA/SIPC. More information is available at www.waterfrontfinancialgroup.com.
 

The Sunrise Edina Business Breakfast is a networking event created to bring small to medium sized businesses in the Edina community together for an opportunity to learn more about our local businesses, gain knowledge through education, and share business challenges and opportunities. Be sure to bring your 60 second "creative" commercial detailing your business, upcoming special event, or a product offering you have. And don't forget to bring plenty of business cards for networking!

Thank you to Handyman Matters for being our Sunrise Edina Business Breakfast sponsor.