Helping Affluent Women Navigate the Complexities of Divorce with Olivia Summerhill

Olivia Summerhill is a consultant for ultra-high-net-worth women who need an expert to help them navigate the financial complexities of divorce.In this episode, Olivia encourages couples to have a frank and open conversation about money and finances before getting married or in a new relationship. She believes that it is important for everyone to understand their relationship with money in order to make sound financial decisions. In addition, Olivia offers advice on how to keep financial problems from becoming marital conflictsHighlights:[00:07 - 08:18] Tips for women preparing for a divorceThe taboo topic of money and divorce is still a barrier to discussing these topics.The importance of having a conversation about money before getting married.Money is a complex topic and it's important to understand yourself and your relationship around it.[08:18 - 16:08] A Financial Advisor's Suggested Steps for Individuals in the Midst of a DivorceTalking about finances and emotions with one another is the best way to avoid problems down the road.Communicating clearly with families is key[16:08 - 24:08] How to Handle Divorce ProceedingsBringing in the right people - Trust officers, CPAs, attorneys[24:09 - 32:02] Money Issues & DivorceOne way to prevent money problems from arising is to have regular conversations about finances.Prenups and postnuptial agreements can help couples make sure their wishes about money are clear.[32:02 - 36:49] Closing SegmentVisit www.summerhillfirm.com for more informationQuotes:“I'm always an advocate for preventative work in my personal life and in business, so anytime you can have conversations before something is actually truly needed is the best.” - Olivia SummerhillConnect with Olivia Summerhill!Linkedin: https://www.linkedin.com/in/oliviasummerhillSite: https://www.summerhillfirm.comPodcast: https://open.spotify.com/show/4mAzSJfabFlWUOWhoaYrvZConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.