Hi everyone I'm Rose Marie Miller here with Regina McCann-Hess a certified

divorce financial analyst and CFP here to tell us about practical advice for navigating a divorce. Thank you so much for joining me today, Regina.

Thank you so much for having me.

It's my pleasure. So Regina, how do you assess a client's financial situation would they're going through a divorce?

It can be tedious at times. So what you do is you look at all the assets that are in the marriage. So it's kind of like you have, you know, investments

and debts and checking accounts and credit cards and everything and you just put it all on the table

kind of like you're making a jigsaw puzzle.

And then once you have all the pieces together, you have to then divide it into two separate buckets or two different puzzles because the two parties

are now splitting and they have to figure out what asset is going to go to which spouse after the divorce.

And a lot of times you're looking at these assets and debts included in there

and you're trying to decide, especially for me, I'm usually working with the women

on their side of the divorce. I'm trying to decide what's going to work for them after the divorce

and going beyond that.

And it's difficult in a lot of times

because an asset could look the same on paper,

but it's not.

So take, for instance, if you have a house that's worth $500,000 and there's no

mortgage, your asset number is $500,000 and then you have an IRA that's also

worth $500,000.

So on paper, the same number, it adds up.

But if you were to sell the house and if you have it long enough

and you didn't have capital gains,

...