What is meant by the statement, "After a divorce the person needs to establish his/her new identity?" What planning activities might help the client complete this transition?

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The Answer is While name change is an integral aspect of creating a new identity for many, the issue goes much further. The person will need to understand and adapt to his/her new financial reality. The change could impact: living arrangements, support network, life style, job status, and planning needs.
The person will also need to reflect on the new goals and objectives. Because of the emotional trauma of the moment, a financial planner should begin planning for the divorced client by focusing on short-term goals, which normally relate to cash flows and reestablishing new identity. Then, as the new life circumstance takes form, the planner can shift towards long-term planning.
In many instances, the divorced client will change advisors (e.g., CPA, insurance agent, and so on), especially if that advisor had established the primary relationship with the former spouse. The planner should inquire about this issue.

What Is Meant by the Statement, "After a Divorce the Person