Creative Financial Planning in Divorce With Jonathan Satovsky

It is challenging to take the emotion out of discussions about money, especially in the divorce process. But if you can sit down and look at your finances objectively, it’s easier to make good decisions around who gets what and how to plan for the future.

Jonathan Satovsky is the CEO and Chief Behavioral Coach at Satovsky Asset Management, an investment management firm that promotes a mindful approach to multigenerational wealth. Prior to founding SAM in 2007, Jonathan spent 13-plus years at American Express Financial Advisors, and he holds the Certified Financial Planner, Certified Investment Management Analyst and Certified Private Wealth Advisor designations.

On this episode of Divorce Dialogues, Jonathan joins Katherine to explain how a Certified Divorce Financial Analyst can help you get up to speed on the financial issues in a divorce. He describes how to balance financial stability with housing costs in the divorce process and challenges you to be creative in prioritizing spending on what’s important to you. Listen in for insight around the tax implications of divorce and learn Jonathan’s approach to dividing assets through the collaborative process.

Topics Covered

The benefit of both spouses being involved in the couple’s finances
How a CDFA can help you get up to speed on financial issues in a divorce
The challenge of taking the emotion out of discussions about money
Jonathan’s insight on how to budget with the end in mind
How much of your income should be allocated to housing
Jonathan’s advice on balancing financial stability with housing costs
Why housing is not the best investment for achieving financial freedom
How to be creative with your finances and prioritize spending on what’s important to you
Why a spouse without earning capacity needs access to liquid funds
The tax implications of divorce (e.g.: exemption on house)
Why Jonathan recommends the collaborative divorce process

Connect with Jonathan Satovsky

Satovsky Asset Management: https://www.satovsky.com/
Satovsky Asset Management on LinkedIn: https://www.linkedin.com/company/satovsky-asset-management-llc/
Satovsky Asset Management on Facebook: https://www.facebook.com/SatovskyAssetManagement/
Jonathan on Twitter: https://twitter.com/jonsatovsky
Call (212) 584-1900

Connect with Katherine Miller

The Center for Understanding Conflict: http://understandinginconflict.org/
Miller Law Group: https://westchesterfamilylaw.com/
Katherine on LinkedIn: linkedin.com/in/kemiller1
The New Yorker’s Guide to Collaborative Divorce by Katherine Miller: https://www.amazon.com/New-Yorkers-Guide-Collaborative-Divorce/dp/0692496246
Email: [email protected]
Call (914) 738-7765