Truth, Timing & Taxes: When Shortcuts Backfire in Divorce
Description
In this Divorce Explored episode of We Chat Divorce, MDS co-founders Catherine Shanahan, CDFA®, and Karen Chellew, Legal Liaison, reveal how common financial shortcuts can cost divorcing couples thousands—sometimes hundreds of thousands—of dollars. From so-called “honesty policies” that skip verification, to misclassifying home-sale proceeds as income, to cashing out retirement accounts too soon, Catherine and Karen unpack the real impact of assumptions, missing documents, and misunderstood advice.
They’ll show you why verified data—not verbal promises—is the only way to protect your financial future. Whether you’re preparing for mediation, negotiating a settlement, or already divorced, this episode will help you spot red flags before they turn into regret.
You’ll Learn How To:
Identify the red flags that signal financial shortcuts in divorce
Understand when assets ≠ income in support calculations
Avoid costly mistakes when dividing or liquidating retirement accounts
Confirm accurate valuation dates and tax implications
Use the MDS Financial Portrait™ to model real cash flow before you sign
Resources Mentioned
Free MDS Financial Assessment – discover your starting point
The Divorce Financial Portrait™ – verified data = financial clarity
MDS Community – connect for support and education
Listen & Subscribe - Follow We Chat Divorce on Spotify, Apple Podcasts, and YouTube for weekly financial divorce insights that turn fear into focus, focus into knowledge, and knowledge into power.
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