Listen "The impact of divorce on family wealth: Planning with purpose during life’s pivots"
Episode Synopsis
Divorce is a major life transition that brings both emotional and financial complexity. For high-net-worth couples, the stakes can be especially high. On this episode of I’ve Been Meaning To Do That, host and Truist Wealth Co-Chief Investment Officer Oscarlyn Elder welcomes colleagues Jacqueline Parks and Jennifer McManus to explore the role that financial advisors can play in supporting clients as they navigate a divorce. From the importance of recognizing the risks of emotional decision-making to the unique issues that come with late-in-life divorces, they discuss why the early involvement of a trusted advisor can encourage good decisions during a difficult process.Also in the discussion:• The usefulness of prenuptial agreements• Issues in child rearing and college planning• The importance of proper insurance coverage• Ensuring fair valuation and division of assets• The complexities involved in business ownership If you’d like to take notes on today’s episode, you can download this free template. Podcast WorksheetHave a question for Oscarlyn or her guests? Email [email protected]
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