Standard of Living for High Net Worth Women After Divorce with Olivia Summerhill | Episode 133

We often use the example of the fictitious Eric and Melanie Wolf’s divorce, but today our focus is on Melanie and her lifestyle before and after divorce. We are joined by a financial expert who specializes in advising high-net-worth women during the divorce process, and after. Olivia Summerhill is a divorce financial consultant, with a background in portfolio and wealth management, working as a private banker at JP Morgan.

She shares her process and common themes that arise when clients first approach her, offers her wisdom on identifying your top five values and acting in accordance with them, and describes what she means by a lifestyle analysis. Hear why Olivia chooses to always be blunt when advising clients, and find out where you can discover valuable resources to support your journey, like Olivia’s Divorce for Wealthy Women Podcast.

Key Points From This Episode:

• Olivia’s goal to make financial management less intimidating and anxiety-inducing.
• Common themes Olivia sees relating to lifestyle questions leading up to divorce. 
• Questions and fears we see at the beginning of a divorce.
• The process of identifying a client’s top five values in order to map out her next steps.
• Her advice for when a spouse suggests that lawyers are left out of it. 
• How a lifestyle analysis can educate a client as to where she stands.
• Why the 60/40 rule is typical.
• Making decisions in keeping with the state of the market.
• How different the process is surrounding Crypto investments.
• Scenarios where it is appropriate for women to take their time. 
• Understanding yourself and your breaking point before deciding how to proceed.
• Why Olivia believes professionals should be completely blunt and honest with their advice.
• How values will drive Olivia’s choices after the divorce.
• An example of a client’s decision changing direction after assessing her values.
• What to think about when applying inflation to support.
• Making sure that life insurance is protected and paid for.
• Why not every family needs every type of insurance.
• Where to find valuable resources to guide your decisions during divorce.
• Why she loves working with women during the divorce process.

What is Divorce at Altitude?

Ryan Kalamaya and Amy Goscha provide tips and recommendations on issues related to divorce, separation, and co-parenting in Colorado. Ryan and Amy are the founding partners of an innovative and ambitious law firm, Kalamaya | Goscha, that pushes the boundaries to discover new frontiers in family law, personal injuries, and criminal defense in Colorado.

To subscribe to Divorce at Altitude, click here and select your favorite podcast player. To subscribe to Kalamaya | Goscha’s YouTube channel where many of the episodes will be posted as videos, click here. If you have additional questions or would like to speak to one of our attorneys, give us a call at 970-429-5784 or email us at info@kalamaya.law.

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DISCLAIMER: THE COMMENTARY AND OPINIONS ON THIS PODCAST IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES AND NOT FOR THE PURPOSE OF PROVIDING LEGAL ADVICE. CONTACT AN ATTORNEY IN YOUR STATE OR AREA TO OBTAIN LEGAL ADVICE ON ANY OF THESE ISSUES.