Divorce is devastating – emotionally, mentally and physically. But, most importantly, according to a recent study, a huge percentage of women suffered unanticipated financial consequences that could have been mitigated or eliminated with better planning.
Friends of mine who are enduring the crucible of the loss of their spouses tell me that one of the hardest things, along with the grieving process, is the uncertainty surrounding finances.
Divorces in a couples’ later years can be financially devastating, especially for women where the husband has earned most of the money and made most of the financial decisions. Let’s look at some of the most valuable ways advisors can help.