At The Money: The Finances of Divorce
Masters in Business
Bloomberg
4.4 • 2.2K Ratings
🗓️ 4 February 2026
⏱️ 17 minutes
🧾️ Download transcript
Summary
Divorce is an expensive, confusing, and stressful experience. Dividing up family assets, including not just the family home, but portfolios, real estate, trusts, and other businesses. There are big mistakes to avoid.
Patrick Kilbane is General Counsel of the RIA Ullman Wealth Partners, where he leads the Divorce Advisory Group. In addition to his years as a divorce attorney, he is also a Certified Divorce Financial Analyst (CFDA) and Wealth Advisor at the firm.
Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.
See omnystudio.com/listener for privacy information.
Transcript
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| 0:37.5 | Is there any life event that's more expensive, confusing, and stressful than a divorce? |
| 1:00.1 | You're not only dividing your family, you're also figuring out the disposition of a lot of assets, |
| 1:07.0 | portfolios, real estate, trusts, businesses, more. |
| 1:11.4 | I'm Barry Rittalts, and on today's edition of At the Money, we're going to discuss the |
| 1:17.1 | finances of divorce. |
| 1:19.3 | And full disclosure, I am and remain happily married for 32 years to help us unpack all |
| 1:26.2 | of this and what it means for your portfolio, let's bring |
| 1:29.1 | in Patrick Kilbane of the RIA Oman Wealth Partners and also leads the divorce advisory group. |
| 1:38.7 | So Patrick, let's start with the basics. You focus on people going through divorce. What's the first financial |
| 1:46.5 | triage you do when a new client calls? Barry, great to be with you. Thank you for having me. |
| 1:52.4 | When somebody gets hit with this bomb, when this bomb is dropped on them, you know, I'm a big fan |
| 1:58.5 | of Coach Lou Holtz, and he has an acronym win. It stands for what's |
| 2:02.2 | important now. So I generally talk to the person who this might be their first exposure with |
| 2:08.1 | the legal system, and I figure out what their goal is. Has there a strange spouse cut them off |
| 2:14.6 | from the cash flow, from the assets, is this a child custody situation? |
| 2:20.4 | What is the first thing that we need to handle? |
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