Making Financial Decisions After Divorce with Carole Epstein

Katherine Miller — Fri, 04 Dec 2015 01:00:31 +0000

EP: 013

Carole Epstein

Making Financial Decisions After Divorce

Divorce often means being thrust into a series of financial decisions that you may or may not feel prepared to make. And if divorce has brought you sudden wealth, financial professionals are likely crawling out of the woodwork to offer their services. How do you choose the right advisor for you? What resources are available to help you learn the basics of investing? What are some of the common challenges people face in your position?

Carole Epstein has been a licensed financial advisor with Morgan Stanley since July 2007. She began her career as a programmer and cut her teeth in investing during the ten years she ran a pension plan for the staff at her Apple store. Carole’s life experience raising a family and running a business make her uniquely qualified to understand her client’s needs and design a financial plan with their complete financial wellbeing in mind.

Today, Carole joins Katherine to explain her values-based process for crafting a financial plan, from prioritizing needs and wants to evaluating assets and risk tolerance. Carole discusses the difference between a transactional advisor and one who takes a more holistic approach, sharing her reasons for working with a team of vetted professionals. She offers insight around getting a basic financial education, dividing capital gains equitably in a divorce, and staggering the tax hit for clients making changes to an investment portfolio. Listen in for advice on navigating sudden wealth and employing a team of talented professionals who serve your needs.