Financial Advisors in Del Mar: Are You Missing Assets In Your Divorce? PART 1

The White Paper You MUST Read!

Here at JKL Wealth Management, our LPL Financial advisors frequently find themselves asked by Del Mar residents about what should happen after they have agreed to the dissolution of their marriage. For several years if not decades two people have lived financially as one and so, in the absence of a prenuptial agreement and in order for both parties to receive a fair deal, the assets should be split down the middle.

This can be an incredibly stressful time. Neither partner wants to be treated unfairly and while many of a couple’s assets are difficult to conceal, such as property and joined bank accounts, there are some that can fly under the radar and so remain unshared.

And so, here to provide you with some valuable advice is John Lohrenz, LPL financial and investment advisor serving the Del Mar area and surrounds!

Assets Commonly Overlooked in a Divorce Settlement:

  • Vacation Pay: “You should declare any vacation or sick pay that has been accumulated but is yet to be cashed in. The value of this can easily be worked out by multiplying the number of accumulated hours by your spouse’s rate and vice versa,” says the LPL financial advisor to Del Mar residents.
  • Frequent Flyer Miles: “If you or your spouse has accumulated any frequent flyer points or miles, now is the time to cash these in or settle on an equivalent form of compensation.”
  • Tax Refunds: “If you file your taxes together,you will receive a joint return. Should you face divorce, this return should be fairly split down the middle, so don’t forget to declare this in your settlement.”

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:

Wealth Management Del Mar: Are You Missing Assets In Your Divorce? PART 2
Asset Management Del Mar: Are You Missing Assets In Your Divorce? PART 3

Contact Us!

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

Phone:  (858) 535-1705
Fax:      (858) 535-1701

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 – located at 32°57′18″N 117°15′50″W – is a popular beach city situated in San Diego County in California. With its close proximity to the Pacific Ocean, it is no wonder that the name “Del Mar” comes from the Spanish words meaning “of the sea”. In 2010, the population was recorded at about 4,161 people, which is a fairly small when compared with some of California’s other cities. Historically, the U.S. Navy used Del Mar to run a Naval Auxiliary Air Facility for airships during World War II. Before that, in 1885, Colonel Jacob Taylor acquired 338 acres of land in Del Mar with the idea of establishing a seaside resort type place for the well known and the wealthy. Today, Del Mar lives up to this idea and vision and is just as popular a tourist resort town as Col. Taylor intended!

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