Webinar – Divorce Resource: The House In Divorce – Should You Stay or Go?

By Private Vista on November 18, 2021

On November 10, Project Venus Co-Founders Mary Beth McClean, CFP®, MBA, and Nicole Romito, CFP®, CDFA™ hosted a webinar where they discussed the complexities around divorce and one of the largest assets in the marital estate, the family home. Our panel provided advice to help determine if it is in your best interest to keep the house – and discuss the financial impact of that decision

Divorce is typically very stressful and generates many questions – especially as to how it may impact your financial situation. This is magnified when your marital estate includes a closely held or family-owned business. Having a Certified Financial Planner ™ professional on your divorce team who is familiar with this type of situation can help avoid costly mistakes and help you and your attorney evaluate possible settlement options during your divorce.

How do you assess the asset to answer the questions of should I keep the house?
Can I afford to keep the house?
What assets am I giving up keeping it?
What is the difference between a Fair Market Value and appraisal?

These questions and more are addressed on our playback below:

MARY BETH MCLEAN, MBA, CFP® – Mary Beth is a Lead Advisor and Partner at Private Vista LLC, a financial planning and investment management firm with offices in Chicago and Oak Brook. Having spent her entire career in the financial services industry, Mary Beth is a dedicated and trusted advisor to her clients. She has a particular focus on women in transition, such as those in the process of divorce or who have been recently widowed. With Financial knowledge and guidance, she empowers all her clients so that they can conceive their future, relieve their fears, and achieve their dreams.

NICOLE ROMITO, CFP®, CDFA™ – Nicole is a Lead Advisor and Partner at Private Vista LLC. She started her career in financial services in 1992. She has always focused on educating and empowering people to tune out the noise so that they can make confident decisions in the context of their specific situations. She especially enjoys working with women in transition whether it is due to divorce, death of a spouse, or retiring from a high-level executive role. Nicole is their sounding board and trusted partner as they navigate the many decisions around managing their wealth for themselves and their loved ones.

Private Vista, LLC is a group comprised of investment professionals registered with Hightower Advisors, LLC, an SEC registered investment adviser. Some investment professionals may also be registered with Hightower Securities, LLC (member FINRA and SIPC). Advisory services are offered through Hightower Advisors, LLC. Securities are offered through Hightower Securities, LLC.

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