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What are the Tax Consequences of a Divorce?

Most of us have known someone who has gone through a divorce, in fact it might even be you.  And in the case of a divorce, how often do you suppose each party takes into consideration things like taxes and insurance?  Our next guest says these decisions can have long term consequences and need to be addressed.
Mike Switzer interviews Jamie Minster, a certified divorce financial analyst practicing in Charleston, SC.

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.