EVERYONE DESERVES A SAFE PLACE TO TALK ABOUT FINANCES
Discussing how you wish to treat your money can strengthen trust between partners.
Are you living in reactive mode?
You are not alone
Life is busy. Talking about money is hard. What once was an efficient division of duties
has become more like a personal-finance version of whack-a-mole.
If you’re wondering if there’s a better way, there is.
How I see it
When my dad died his life insurance policy was supposed to name my sister and me as the beneficiaries according to his divorce agreement with my mom. It turned out he had changed the beneficiary to his new wife. I was a teenager, and this was my first time learning that there’s no one out there making sure people stick to their legal agreements. It seemed bizarre to me that the only mechanism to enforce an agreement is to pursue someone legally after they’ve broken it. Surely lots of people don’t even mean to break their agreements, right?
When my husband and I got married we first signed a prenuptial agreement. By that point I’d already learned that it was up to us to make sure we upheld the terms of our own agreement. We didn’t have an authority figure reminding us how to title our accounts and property, paying attention to which accounts should receive what type of income deposits, or making sure we maintain life insurance, as we’d agreed to do. But I started thinking: wouldn’t it be nice if we did?
Financial advisors are in a unique position to help families proactively keep family law out of their family’s choices.
Whether it’s for a divorce or a marriage, couples don’t enter into marital agreements lightly. This is why I care about helping couples uphold the agreements they’ve made all the while helping them plan confidently for their future together.
New York University, Certificate in Financial Planning, 2019
The University of Kansas, Master of Arts, East Asian Studies,2014
The University of Kansas, Bachelor of Arts, East Asian Studies,2012
The University of Kansas, Bachelor of Arts, French Language and Literature, 2011
Columbia University in the City of New York, Summer Program at Minzu University of China, Chinese Studies, 2011
University of Strasbourg, Summer Program, French Studies, 2008
CERTIFIED FINANCIAL PLANNER™, 2019
Series 66, FINRA, 2014
Series 7, FINRA, 2014
Kaylin Dillon Financial Planning, Founder and Principal Financial Advisor, Since 2021
Bowersock Capital Partners, Founding Partner, July 2020 – March 2021
Morgan Stanley, Portfolio Manager, Financial Advisor, April 2014 – July 2020
Morgan Stanley, Client Service Associate, May 2012 – April 2014
Clients with Marital Agreements
Lauren and Matthew came to me after their daughter was born. They wanted to start planning more intentionally for their family’s future but they felt unorganized and didn’t know where to begin. Matthew had stock compensation from his company he wanted help reviewing. They also had a prenuptial agreement that they hadn’t revisited since getting married.
I first helped them get organized. The financial snapshot we created helped them visualize their assets – including Matthew’s company equity and Lauren’s shares of her family business – in one place. We reviewed the terms and the original goals of their prenuptial agreement to make sure their current account titling and division of expenses fit with their intentions.
From there, I helped them determine a tax-efficient strategy for exercising a portion of Matthew’s stock options on a set schedule. Matthew was relieved this took the guess work out of managing his stock compensation plan and that it gave him an idea what the tax implications would be. In addition to helping reduce Matthew’s concentration in his company stock, this created more cushion in their monthly cash flow so they could start a college savings fund for their daughter and increase their savings towards their future as well.