December 30th, 2021
Episode 149: Financial Infidelity with Kimberly Nelson
This week, Kimberly Nelson returns to the show! We are talking about financial infidelity including how to recognize it and what to do if you find it’s happening to you. Kimberly shines a light on some of the red flags of someone being financially deceitful, why it’s important to exercise your financial agency, and explains why being aware of your finances matters for your divorce.
As an Advisor at Coastal Bridge Advisors, Kimberly Nelson focuses on bringing clarity and control to her clients’ financial lives. She works with them to create a strong foundation for financial health through innovative, objectives-based wealth planning solutions with an emphasis on marriage dissolution and transition.
There are numerous types of infidelities; emotional, sexual, and relational. And there is financial infidelity, which is very hard to undo and recover from. Listen to this episode to hear how you can avoid it and what to do if you think it’s happening to you.
- What is financial infidelity, anyway? (5:29)
- Why it is important to have financial agency and know what is going on with your finances. (9:24)
- Check and keep tabs on your credit report. You can pull your credit report for free, three times a year. Kimberly shares how. (13:13)
- Signs that you might be a victim of financial infidelity. (17:28)
- You know you want to get a divorce: is stashing cash for your divorce financial infidelity? (23:04)
- What to do if you suspect financial infidelity and how to have a conversation with your spouse. (33:12)
- If your divorce goes to trial, proof of financial infidelity will be crucial. This documentation is key. (43:07)
- Is it worth hiring a forensic accountant? (47:00)
Learn more about Kimberly:
Kimberly has been working with high-net-worth divorcees in the LA area for more than 15 years. She understands the challenges women face when navigating an overwhelming bevy of attorneys, accountants, insurers, and other advisors during the dissolution process. She values the strong relationships she builds with her clients and is dedicated to enhancing the quality of their lives, believing that ongoing successful wealth oversight requires collaboration between investor and advisor.
She became a CFA Charter holder in 2012 and maintains a steadfast dedication to both her education and that of her community around financial matters. She’s actively involved in the financial literacy efforts of the Los Angeles Center for Law & Justice (LACLJ) and serves as a board member and treasurer of Grades of Green, a non-profit that works to instill environmental awareness in the minds of elementary school students.
Resources & Links:
Private Coaching with Kate Anthony
Kimberly on Linkedin
Divorce, Debt, and the Pandemic with Kimberly Nelson
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