Knowing how much a client is 'worth' sounds like a straightforward assessment, however, as family lawyer Emma Nash explains, getting the full picture could tricky. But should a marriage run into trouble it is essential all assets are disclosed...
Are you sure you are aware of all your clients' wealth? Properties, stocks, shares and other investments can all be presented neatly in a portfolio together with any savings and cash sums with information about the current value. This information is essential to providing accurate advice to clients about their finances and helping them plan for the future. But is there anything missing? Some assets are easier to identify than others and even your client might not realise the value of some of the things they own. If you want a complete picture of a person's finances, then you should ta...
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