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Financial consequences of a divorce can last for decades. Yet, 95% of women going through a divorce do not use a financial advisor, according to a new study. So reports Forbes.

Divorce breakup 908714 1280A lack of awareness is the main reason why. This presents financial advisors with an opportunity to stand out to this segment of the population and discuss the following valuable items:

  • The Marital Home
  • Fine Jewelry
  • Heirlooms and Antiques
  • Bank and Retirement Accounts
  • College Savings Account

A financial advisor can help by giving a better understanding of their spending or expenses both before and after a divorce. Having an FA is especially beneficial for those women who have been completely reliant on their husbands for bills, insurance, financial management, and budgeting. Having an FA can also help uncover critical financial assets that are not completely out in the open.

Read the full article from Forbes.

Last modified on Monday, 27 January 2020
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