Asset Management in Del Mar: Are You Missing Assets In Your Divorce? PART 3

The White Paper You MUST Read!

For the Del Mar residents facing divorce, there comes the unpleasant task of declaring all of the assets (both individually and jointly owned), so that these can be divvied up prior to each partner going their separate ways. But many couples have no idea that things such as prepaid insurance and stock options – as was discussed in PART 2 – both constitute assets that should be included in this division and sharing process. Vacation pay, tax returns and frequent flyer miles or points are other assets that frequently fly under the radar (see PART 1).

And so, here to provide you with some valuable advice on whether you are perhaps missing out on a few valuable assets during your divorce settlement is John Lohrenz from JKL Wealth Management: an asset management firm serving Del Mar and surrounding areas.

Assets Commonly Overlooked in a Divorce Settlement:

  • Timeshares: “The problem with a resort timeshare is that the amount you owe on it is frequently less than the actual worth of the time you might spend there. So, while one spouse might be happy to take the timeshare, the dollar value they are getting isn’t as much as you might think,” explains the asset management professional to Del Mar residents. “You will have to, as a couple, decide whether you are just going to cancel your timeshare or continue to own it jointly.Alternatively, one partner might decide to take it, but then at a lesser value.”
  • Professional Dues and Magazine Subscriptions: “The longer your subscription to a magazine, club, membership or gym, the more you are likely to benefit from discounts, which is why – with divorce looming – a spouse may make full use of your joint funds to purchase at least two or three years of said membership. This may happen before divorce is even discussed in an effort to prepare for any financial fallout.So when declaring all of your assets, make sure you find out whether your spouse has purchased a lengthy membership from your community funds so that the distribution of wealth can be made equal,” says our Del Mar asset management professional, John Lohrenz.

Facing Divorce? Read about More Assets Not To Be Missed

To find out about other assets that commonly fly under the radar during divorce settlement discussions, click on the links below:

Financial Advisors Del Mar: Are You Missing Assets In Your Divorce? PART 1
Wealth Management Del Mar: Are You Missing Assets In Your Divorce? PART 2

Contact Us!

If you have any questions at all or would like individualized investment advice from our asset management firm serving the Del Mar area, please contact JKL Wealth Management at:

Phone:  (858) 535-1705
Fax:      (858) 535-1701
Email:     john.lohrenz@lpl.com

Alternatively, fill out the Contact Form and we’ll get back to you shortly.

Physical Address
731 S. Hwy 101, Suite 2K, Solana Beach CA 92075

About Del Mar, California

Del Mar – a place where turf meets the surf – is a popular seaside resort town in San Diego County that is well known for its beaches, warm weather and its tourist attractions. Del Mar lies in the state of California and its beaches are one of the main draw cards to the city, with two coastal parks providing people with a place to picnic and relax. For those wanting to take their dogs to the beach, North Beach provides almost a half a mile of sand for their furry friends. The Los Peñasquitos Lagoon is nestled at the southern most edge of Del Mar. This city, particularly Soledad Valley, is one of the few places where the rarest pine in America is found, the Torrey Pine tree.

Securities and Advisory services offered through LPL Financial, a registered investment Advisor. Member FINRA/SIPC.