For high-net-worth individuals, divorce isn’t just a personal change—it’s a financial crossroads. Beyond reclaiming your financial independence, it’s an opportunity to refocus on building and preserving generational wealth.
1. Rethink Your Legacy Plan
Divorce often requires adjustments to your estate plan. Revisit:
Updating your legacy plan ensures that your wealth continues to reflect your priorities and values after a major life transition.
2. Optimize Your Investment Strategy for Growth
After divorce, your portfolio may need recalibration to reflect your new financial goals. Consider:
3. Focus on Next-Generation Wealth Education
Preserving generational wealth isn’t just about financial planning—it’s about preparing the next generation. Post-divorce, this is an excellent time to introduce your children or heirs to wealth education. Teach them the principles of budgeting, investing, and philanthropy to ensure they’re equipped to manage their inheritance responsibly.
4. Rebuild Trust Structures
Divorce can impact existing trusts, especially if they were shared with your former spouse. Work with an estate planning attorney to rebuild or create new trust structures that:
5. Embrace Philanthropy as a Wealth-Building Tool
Strategic philanthropy offers high-net-worth individuals the chance to align their financial legacy with their values. Use donor-advised funds, charitable trusts, or private foundations to support causes you care about while reducing your tax burden.
By focusing on these generational wealth strategies, you can transform a difficult transition into an opportunity to secure your legacy for the future.
Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional. Every investor’s situation is unique, and you should consider your investment goals, risk tolerance and time horizon before making any investment. Prior to making an investment decision, please consult with your financial advisor about your individual situation. Investing involves risk and you may incur a profit or loss regardless of strategy selected, including diversification and asset allocation.
The foregoing information has been obtained from sources considered reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of Elana Milianta and not necessarily Raymond James.
