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126. Parenting Plans with Purpose: Secure Your Family’s Financial Future

In this episode of We Chat Divorce, hosts Karen and Catherine are joined by special guest Tracy Malone, a recognized expert in narcissistic abuse and divorce coaching, to delve into essential yet often-overlooked financial considerations in parenting plans. Tracy introduces her new program, ParentingPlans.org, which supports parents in building comprehensive, forward-thinking parenting plans. These plans address not only custody arrangements but also the critical financial components that typical child support agreements may miss. Tracy explains why setting clear financial expectations upfront can help parents avoid future disputes and costly court visits, fostering a peaceful co-parenting environment for their children.

Key Topics Discussed:

  • Financial protections to include in parenting plans
  • Why parenting plans should extend beyond time-sharing and custody
  • Addressing shared expenses for children, such as braces, sports, and technology
  • Preventing conflicts by defining financial responsibilities from the start
  • Empowering parents with tools and resources for creating thorough parenting plans

Tracy Malone is a renowned author, speaker, and educator, recognized globally for her work in narcissistic abuse and divorce coaching. She is the founder of NarcissisticAbuseSupport.com and recently launched ParentingPlans.org, a resource platform guiding parents in building thoughtful, financially secure post-divorce parenting plans.

Links and Resources Mentioned:

Listen to the full episode for more expert tips and insights to help you navigate the often-overlooked tax implications of divorce.

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About My Divorce Solution

We Chat Divorce is produced by My Divorce Solution (MDS) — a financial divorce preparation company dedicated to helping individuals navigate divorce with clarity, confidence, and a strategic financial plan. Founded by Karen Chellew, Legal Liaison, and Catherine Shanahan, Certified Divorce Financial Analyst (CDFA), MDS was created to solve one of the most common and costly mistakes in divorce: entering the legal process without fully understanding your financial picture.

Divorce is not just a legal event — it is a financial transition that can shape your long-term security. Through the MDS Divorce Financial Portrait™, clients receive expert financial analysis, organized financial disclosures, and scenario planning to understand how different settlement decisions impact their future. This financial preparation often reduces legal fees, shortens the divorce process, and helps individuals negotiate from a position of knowledge rather than fear.

If you are considering divorce or already in the process, you can begin by taking the Free Divorce Financial Assessment to better understand your options. You can also join the MDS Community for expert guidance, educational resources, and live Q&A events designed to help you move from uncertainty to clarity.

At My Divorce Solution, the mission is simple: replace fear with knowledge so you can make informed, confident financial decisions during divorce.

Episode Transcript


Disclaimer:

The information provided in this podcast is for educational and informational purposes only and should not be considered financial or legal advice. Please consult with professionals in the relevant fields for personalized guidance.

The WeChat Divorce podcast (hereinafter referred to as the “WCD”) represents the opinions of Catherine Shanahan, Karen Chellew, and their guests to the show. WCD should not be considered professional or legal advice. The content here is for informational purposes only. Views and opinions expressed on WCD are our own and do not represent that of our places of work.

WCD should not be used in any legal capacity whatsoever. Listeners should contact their attorney to obtain advice with respect to any particular legal matter. No listener should act or refrain from acting on the basis of information on WCD without first seeking legal advice from counsel in the relevant jurisdiction. No guarantee is given regarding the accuracy of any statements or opinions made on WCD.

Unless specifically stated otherwise, Catherine Shanahan and Karen Chellew do not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned on WCD, and information from this podcast should not be referenced in any way to imply such approval or endorsement. The third-party materials or content of any third-party site referenced on WCD do not necessarily reflect the opinions, standards or policies of Catherine Shanahan or Karen Chellew.

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