Guiding Women Through Financial Change After a Divorce

Posted by Whitney Drechsler, JD, LLM, CFP

October 22, 2019 at 10:00 AM

Numerous studies suggest that women often defer to their spouses when it comes to making long-term financial decisions, a choice that can put them at a distinct disadvantage in the event of divorce or death of a spouse. Our posts today and tomorrow will focus on the role financial advisors can play in helping their female clients successfully navigate these life transitions.

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Topics: Financial Planning

Are Your Clients Liable for Spousal Debt?

Posted by David Haughton, JD

September 11, 2019 at 1:30 PM

“What’s yours is mine and what’s mine is yours” is a typical mantra of married couples. But when it comes to debt, that saying can be scary. Fortunately, the general rule is that spouses are not responsible for each other’s debts (in the legal sense, of course). Therefore, when agreeing to assume a liability, the borrower’s spouse can usually rest assured he or she will not be held responsible if the borrower is unable to meet his or her obligations.

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Topics: Financial Planning

When Students Go Off to College: Financial Planning for Empty Nesters

Posted by Keven DuComb, JD, MBA

September 10, 2019 at 10:00 AM

Go ahead and pat yourself on the back! It’s September, and chances are a few more students just headed off to campus, supported by the college savings you helped their parents grow. The transition is a big one for everyone involved. As young adults, students are facing new financial responsibilities. And parents are figuring out how to adapt to their child’s (or children’s) new independence, while keeping the family on a steady course financially.

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Topics: Financial Planning

One Bite at a Time: Longevity Planning for the Sandwich Generation

Posted by Anna Hays

August 13, 2019 at 10:00 AM

Increased life expectancies and an aging population have presented unique challenges in planning for the sandwich generation, a group of people trying to balance raising young children, providing care to parents, and managing their own lives. As a trusted advisor, you may be the first resource these individuals ask for help with the legal, health care, and financial concerns surrounding their role as both caregivers and consumers. Here’s what you should know.

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Topics: Financial Planning

No Place Like Home: Helping Millennial Homebuyers

Posted by Anna Hays

May 7, 2019 at 10:00 AM

In your meetings with baby boomer clients, do conversations ever arise about their millennial children? Maybe Michael is finishing grad school, or Lizzy just moved out at 26. Have you noticed any trends in this younger generation—perhaps that after years of dragging their feet to settle down and buy a home, they finally are entering the market? You may want to consider taking note, as helping millennial homebuyers could allow you to expand the reach of your advisory firm.

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Topics: Financial Planning

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