Women & Money: The Shit We Don't Talk About! | Purse Strings
"We will never solve the feminization of power until we solve the masculinity of wealth." - Gloria Steinem. On this podcast, we're going to call out those ways that women are consistently left behind financially. But most importantly, how women can help themselves. Join hosts Barbara Provost & Maggie Nielsen as they help you navigate the ins and outs of financial independence so that you can be financially fearless. They'll connect you with helpful resources and compelling stories from women all across the country. Whether it's buying a house, preparing for retirement, dealing with divorce, there won't be a single question off the table. Maggie is a partner and Barbara is the founder of Purse Strings, a two-part model that's all about providing women the tools and resources they need to help them learn and understand what they need to know to make good financial decisions. And they help connect women with attorneys, financial planners, realtors, and many other financial professionals who have the expertise and desire to serve the female market. Women & Money: The Shit We Don't Talk About can be your place for tools, resources, education and a place to ask the important questions on your mind (or even better, the - you know - you aren't talking about). Find out more about Purse Strings by visiting https://pursestrings.co/ and we can't wait to connect with you on the podcast!
Women & Money: The Shit We Don't Talk About! | Purse Strings
Ep 15: Knowing Your Finances in Marriage and Divorce with Michelle Lawless
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On today’s episode, Michelle Lawless, an experienced litigator in the field of family law joins us to explain how she is helping women through divorce. She enjoys helping people navigate divorce outside of the courtroom, giving them a customized approach to divorce, and finding an agreement between parties in this tough situation.
With every consultation, Michelle breaks down the issues people will face through a divorce legally and financially. Divorce is state-based and the law is a bit different depending on where you are. For Michelle, she focuses on property settlements, spousal support, and children support.
The biggest hurdle she sees women face is when they know very little or perhaps nothing about the finances of their marriage. It’s common for one spouse to take lead in the financial planning, but if you are unaware of your finances, it can make divorce a lot more difficult. Investigating and educating becomes a big part of Michelle’s role in these cases.
We also will discuss:
· How Michelle works with clients that aren’t knowledgeable about their finances.
· Some client stories and the issues women face financially when facing divorce.
· Recommendations on becoming more educated about your finances.
Listen to the full podcast or use the timestamps below to jump to a specific section.
1:44 – A bit about Michelle
3:06 – How do you address finances?
5:07 – What are the most common mistakes women make?
7:03 – Do you have to walk clients through this information?
10:55 – What happens once you do the investigations?
17:05 – How often are people surprised?
19:48 – How do you recommend people become more educated?
26:58 – Keeping things organized and knowing passwords
30:20 – Last pieces of advice
Resources:
More about Michelle's work: https://www.malfamilylaw.com/
About Today's Sponsor: https://institutedfa.com/about-idfa/
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