Table of Contents
Introduction3
The Money Talk19
Life's Transitions45
Changes in Financial Circumstances51
Remarriage and Merging Families63
Retirement Planning79
Caring for an Elderly Parent89
Preparing Heirs, Estate Transfers, and Business Succession106
Preparing the Inner Landscape133
Preparation Pays191
Ask for Help217
Practice Makes Perfect255
The Money Talk Cheat Sheet261
Epilogue279
Disclaimers287
Acknowledgments288
Course Details
Author: Lori R. Sackler CFP®
Lori R. Sackler is a financial advisor, senior vice president and family wealth director at Morgan Stanley where she leads Evergreen Lane Wealth Management Group. Her team is dedicated to helping individuals and families keep up with change, satisfying their financial security, addressing lifestyle and legacy concerns, and successfully guiding them through life’s transitions. Sackler is a certified investment management analyst, a certified financial planner and non-practicing certified public accountant. She is the author of The M Word: The Money Talk, published in 2013 by McGraw Hill and the M Word: How to Have the Money Talk released in 2016. She is the creator and former host of the radio show "The M Word" on WOR in New York City.
Publication/Revision Date: 2/21/2024
Course Exam Questions (online): 25 (multiple-choice)
Program Delivery Method: Self-Study
Available Formats of Course Text: Downloadable PDF, Printed/Mailed
Course Level, Prerequisites, and Advance Preparation Requirements
| License | Course Level | Prerequisites | Advance Preparation Requirements |
|---|
| CFP® | Overview | None | None |
| CDFA® | Overview | None | None |
* This program is appropriate for professionals at all organizational levels.
Sponsor ID Numbers
CFP Board Sponsor I.D.: 1008 — Course I.D.: 323406
Registered with the Institute for Divorce Financial Analysts
Learning Objectives
As a result of studying the course material, you should be able to meet the objectives listed below:
- Recognize the importance that money plays in the family in terms of wealth and the family's financial future.
- Identify the conversations with respect to money that need to take place at each stage of life that a family goes through.
- Identify the times when discussing money is particularly important for a family.
- Describe the family financial issues that relate to divorce and other life transitions.
- Describe the family financial issues that relate to the elderly and long-term care.
- Describe the family financial issues that relate to estate transfers and business successions.
- Understand the "covert factors" in life and the "subtexts in the text"—that make conversations about money particularly difficult for families.
- Identify the most important considerations with respect to planning for discussions about money both for the near term and over the long term.
- Define the roles that professionals can and should play in a family's discussions about money.
