19 Nov Financial Aftermath of Separation
by Lisa McColl for fromyouradvisor.com
Divorce is rarely anything but messy and unpleasant, and sometimes the repercussions can be unexpected. General financial and familial fallout are predictable, but the finer details aren’t. There are many things to consider when guiding your portfolio through this rocky time.
In addition to separation from a spouse, divorce can mean separation of you and your advisor, notes Linda Cartier, president of the Academy of Financial Divorce Specialists.
If your advisor worked with both you and your ex-spouse equally, you may need to choose which one of you continues that relationship and who finds a new one. You may even need to both get new financial advisors until the divorce is settled to avoid any conflicts of interest.
Relationship breakdowns can also cause privacy issues.
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