Episode #459
Marriage and money are known for mixing like oil and water, but a little financial knowledge will allow you to navigate these sensitive issues with confidence. Today’s guest is an expert on this front and is here to equip you with some future-saving finance tips!
Welcome back to the "BiggerPockets Money" podcast! In this episode, we’re joined by Tracy Coenen, a forensic accountant who specializes in unearthing money shenanigans in marriages. On most days, Tracy works closely with spouses who suspect financial infidelity or that their partner is making financial arrangements in preparation for a divorce. This is a vulnerable position for any partner to be in, but with Tracy in their corner, they can better handle their finances and weather the storm.
Whether you’re single, preparing for marriage, or filing for divorce, this episode is loaded with all kinds of personal finance tips that will help you protect your financial future. Tracy shares why it’s critical for all couples to draft up prenuptial agreements before getting married, the biggest warning signs of financial infidelity in a partner, and when you might need to hire a forensic accountant to assist with your marital money problems. Stay tuned until the very end to hear about some of the wildest cases Tracy has worked on over the years!
Show Notes at:
https://www.biggerpockets.com/blog/money-459?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
~~~~
Join the BiggerPockets Money Facebook Group:
https://www.facebook.com/groups/bpmoney
~~~~
Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
~~~~
Got a Money Tip to Share? Send Us an Email:
[email protected]
~~~~
What Out for These Financial Infidelity “Red Flags” in Your Marriage w/ Tracy Coenen: https://www.biggerpockets.com/blog/money-439?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Why You’re (Probably) Wrong About Prenups w/ Aaron Thomas: https://www.biggerpockets.com/blog/money-301?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Money and Relationships: How to Have “The Talk” Before It’s Too Late w/ Vivian Tu:
https://www.biggerpockets.com/blog/money-457?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Getting Financially “Naked” with Your Significant Other w/ Erin Lowry: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-24-getting-financially-naked-with-your-significant-other-with-erin-lowry?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Connect with Tracy and Get $100 Off Your Divorce Money Guide:
https://fraudcoach.com/pockets
~~~~
Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
Guests: https://www.biggerpockets.com/guest?utm_source=youtube&utm_medium=description&utm_campaign=none
Finance Friday: https://www.biggerpockets.com/financereview?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Connect with Scott and Mindy on BiggerPockets:
Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none
Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none
00:00 Intro
01:01 Money Moment
02:24 Divorce Season
11:50 Financial Planning for Divorce
20:04 Sky-High Divorce Costs & Dividing Assets
27:14 When to Hire a Forensic Accountant
35:33 INSANE Money Cases
42:40 Connect with Tracy!
43:09 Financial Crimes!