Client Divorce? Follow the Money

When Lili Vasileff’s high-priced divorce lawyer wasn’t able to answer the tax and financial planning questions she had about her impending split and suggested that she spend less time fretting about money and more time looking for a new spouse, she knew something was wrong. But when she realized every newly single woman she met had a similar experience, she decided to upend her career to do something about it.

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Comments (1)
This divorce advisor gets it! There are entirely too many advisors who see this as a path to the assets post divorce. There is an ethical issue in using the Certified Divorce Financial Analyst designation as a route to wealth for the advisor. This specialty requires an intense effort to learning the little-known issues of financial implications of divorce. I see advisors who get absolutely no divorce continuing education and use the designation as a way to entice referrals from attorneys. It is a travesty! It's intensely detailed work that requires a passion for doing it right. I predict that in ten years this designation will be involved in a majority of dissolution cases. It is a liability saver for the attorneys involved.

Posted by Cindy G | Friday, June 20 2014 at 1:10PM ET
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