Planner Casebook: A complex divorce case with a twist
Helping clients hit by divorce can be a hugely challenging role for Financial Planners but one recent case tackled by an experienced Financial Planner underlined the value of good advice.
With the rise in divorce, more planners have seen an increase in cases involving divorce settlements.
The Planner Casebook feature in the latest edition of Financial Planning Today magazine reveals the intricacies and challenged of Financial Planning for divorcing clients.
Lawrence King FPFS, a Chartered Financial Planner at Succession Wealth, successfully advised a female client who had little idea of her options when she was faced with divorce.
Sadly after the planning was concluded there was bad news but the Financial Planning she received helped her to look after her young family.
After many years together she and her husband decided to divorce, leaving the part-time worker to sort out her financial affairs. She had three dependent children and her husband had looked after the family’s finances so her financial knowledge was low.
Fortunately there were assets to utilise and a pension sharing order agreed as part of an alternative divorce settlement.
Mr King talks through the case in detail and it will resonate with many Financial Planners who advise clients going through divorce.
The full article is available in our sister Financial Planning Today magazine and a special free preview is available here: http://bit.ly/2OdXtkO
You can now subscribe to receive every issue of Financial Planning Today magazine as it’s published with a choice or the brand new print edition or digital edition or both.
Subscription packages also remove any limit on the number of articles you can view on Financial Planning Today website to give you unlimited access. You’ll also be able to access our new 3-Year Magazine archive.
• To subscribe to Financial Planning Today magazine or find out more click on ‘Subscribe’ on our home page or ‘My Account’ if you are already registered.
• Editor's Note: This story initially contained an incorrect link to the magazine. Apologies for the error. This is the correct link: http://bit.ly/2OdXtkO