April 9, 2020
DIVORCE IS EXPENSIVE, and not just where legal fees are concerned. Taxes, if not handled correctly, can also become a costly consequence of splitting up. Thus, many divorcing couples look to a financial advisor to help them through the process.
"Divorce has its own subset of tax laws, so there are some nuances advisors need to be aware of regarding advising clients going through a divorce or who are contemplating a divorce," says Susan Miller, managing director and a senior wealth advisor with The Colony Group in Boston.