Take a Strategic Approach to Financial Planning for Divorce

The emotional stress of a divorce can be overwhelming. And it’s often exacerbated by the financial issues, which can be divisive and complicated for affluent families. Late-in-life divorce can be especially difficult, particularly for the spouse who is not the primary earner or financial decision maker.

Making the mistake of waiting until during or after a divorce to make critical financial decisions can also have lasting negative impacts—consequences you may be able to avoid by having a strategy in place that balances all of your post-divorce financial needs.

That’s where we come in. When you’re navigating divorce, your Mercer Advisors team can help you evaluate settlement proposals, assess marital assets, reset financial goals, and develop a strategic financial divorce plan that’s tailored to you.

The Downsides of “Gray” Divorce

Divorce rates for people 50 and older have doubled since 1990. For the average 50+ year old, the immediate hit on standard of living from divorce is significant, and the longer-term impact on wealth is more likely than not to persist.

Divorce after 50: Average financial impacts

Source: The Economic Consequences of Gray Divorce for Women and Men, I-Fen Lin, PhD and Susan L Brown, PhD. The Journals of Gerontology, Gerontological Society of America September 2020.

Creating Your Personal Financial Divorce Strategy—and Following Through

Often, the financial impacts of divorce don’t become clear until it’s too late. To get ahead of these impacts, you need more than a good lawyer. When you’re negotiating the end of a marriage you also need a smart and practical financial strategy.

Ours involves a specific approach and process, which is supported by Certified Divorce Financial Analysts (CDFA®s) and backed by a team of financial planners, investment managers, tax accountants, insurance specialist and estate strategists.

Putting Your Financial Divorce Strategy into Action

At Mercer Advisors, your wealth advisor is the hub for all of the financial aspects of your divorce—before, during, and after.

The CDFA® and Certified Divorce Financial Analyst marks are the property of the Institute for Divorce Financial Analysts, which reserve sole rights to their use, and are used by permission.

Ready to make a strategic financial divorce plan?