Often times, going through a divorce will require one to seek a new team of advisers who will be dedicated only to their future needs. In fact, some advisers may end their historic relationship with a divorcing couple, necessitating a change. As an individual builds their team, the new team should collaborate and communicate with each other, for the individual’s benefit. This communication ensures effective planning by taking into consideration the legal, financial and tax implications of the individual’s new path. Another consideration is when to create the new team. Confer with a family law attorney during the divorce process and consider having a new team in place before the divorce is final.

A wealth adviser is one of the new members of the individual’s team with whom they will have an ongoing and long-term relationship. Because this relationship will impact all aspects of the newly divorced individual’s life, it is important to not only confirm the adviser’s experience and background, but also that the expert is someone of whom they can build a relationship based on trust, confidence and dedication to their own well-being. Here are important considerations that an individual should learn and incorporate into the new adviser search.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]