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Today, Kimberly Nelson, Financial Advisor, CFA\xae, and CDFA comes back to the podcast to discuss financial resources and strategies to help you maneuver through divorce and debt during COVID-19. The global pandemic has created an uncertain financial time for many. Instability in employment and, directly related, instability in spousal or child support you may be receiving, are just two of the financial concerns those going through divorce face.And holy cow, it\u2019s a lot to process. Going through a divorce during this extra tumultuous time adds a layer of complexity to everything. Kimberly walks us through how to manage your debt, your finances, and what to do if/when you lose financial support from your ex or stbx due to his or her loss of income.\xa0\nShe also leaves us all with this reminder: There is no shame when it comes to your finances and COVID-19; nationally we are all dealing with this.\xa0\n*Please note this episode was recorded on 5/21/20. While advice is still relevant, listeners are encouraged to consider that the COVID-19 pandemic is creating an environment that changes rapidly, and new announcements, rules, regulations, etc. continue to evolve.\nShow Highlights\n\nWhat to do if you receive spousal or child support and are no longer receiving it due to your ex-spouse\u2019s change in income due to COVID-19.\xa0\xa0(6:00)\n\nHow to prepare for a drop in income. (13:00)\n\nIf you have a pending divorce, keep debt lines separate. Plus, some other strategies for when you are carrying a lot of debt. (16:00)\n\nThe different types of debt - revolving debt vs. installment debt. (19:00)\n\nThe benefits and disadvantages of refinancing.\xa0(21:00)\n\nRent and eviction moratoriums.\xa0(27:32)\n\nKimberly answers the question:\xa0Are any of the financial programs available during COVID-19 available to those who may have been unemployed prior to the pandemic?\xa0(31:00)\n\nWhat you should know about auto loans and student loans. (33:00)\n\nWhy you should have all agreements - between you and your ex - in writing. (41:00)\n\nNegative interest rates - what they are and why they are used.\xa0(53:53)\n\nLearn 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.\xa0Kimberly\u2019s team at Coastal Bridge Advisors prides itself on its ability to organize all the advisory elements in a coordinated manner and ensure that the advice their clients receive is clear, constant, and in the best interest of the family or individual.\nResources & Links:\n Coastal Bridge Advisors\n Kimberly on LinkedIn\n The Ultimate Divorce Survival Guide\n Should I Stay or Should I Go Facebook Group\nLearn more about your ad choices. Visit megaphone.fm/adchoices