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Divorce is a difficult and painful process that affects not only the emotional well-being of the individuals involved but also their financial stability and security.
That’s why it’s important to seek professional guidance from a financial advisor who can help you navigate the financial aspects of divorce and plan for your future.
In this episode, John Iannucci explores the impact of divorce on finances, emphasizing the importance of financial planning. He highlights the need to involve the right financial advisor early on to avoid making poor financial decisions. Additionally, John shares his approach to complex divorces, addressing future financial needs without emotional baggage.
John discusses:
- The impact of divorce on finances
- The importance of involving a financial advisor early on to avoid making bad financial decisions
- The misconception about divorce lawyers and financial advice
- The importance of integrating a new financial advisor into the divorce process due to the conflict of interest with the current financial advisor
- The various complexities involved in dividing assets in a divorce
- His approach of treating a complex divorce like the separation of successful business partners
Related: A Shocking Case of Advisors Exploiting Clients With Inappropriate Life Insurance