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Helping clients recover from midlife divorce: The key is navigating the emotional side of starting anew financially.

Authors :
Long, Kelley
Source :
Journal of Accountancy; Jan2024, Vol. 237 Issue 1, p24-27, 4p
Publication Year :
2024

Abstract

The article outlines challenges financial advisers may encounter when helping clients recover from midlife divorce and offers guidance on working with these clients to engage in personal financial planning. It suggests financial advisers to be aware of the emotions of clients, avoid the temptation to correct or argue when money stories arise, assess the client's income, balance sheets and net worth statements, and choose the best course of action to help clients make informed decisions.

Details

Language :
English
ISSN :
00218448
Volume :
237
Issue :
1
Database :
Complementary Index
Journal :
Journal of Accountancy
Publication Type :
Periodical
Accession number :
174452270