You can assist in adjusting their plans and offer perspective
Meet with both spouses first, and remain objective
The best way to help clients who are going through this difficult process is to provide calm, logical advice. You can help your clients organize their paperwork in preparation for seeing a divorce lawyer
When older clients decide to untie the knot, you can provide impartial, money-saving advice
Academy of Financial Divorce Specialists rolls out Perspectives
An ex-husband was prevented from purchasing life insurance because he was diagnosed and treated for cancer
Three issues to consider when older clients get divorced
Educate your clients and recommend alternatives to court
Eva Sachs, divorce planner, and Marion Korn, family lawyer and mediator, Mutual Solutions, discuss their book, “When Harry left Sally: Finding your way through grey divorce”. They run through divorce scenarios for clients aged 60-plus, and explain the best financial advice you can give in these situations. The pair spoke with Dan Richards, president, ClientInsights, at the TMX in Toronto Broadcast Centre in Toronto.
Ending a marriage later in life can mean a big financial hit, as well as lots of new issues with adult children. Planning ahead can help ease the transition