ABSTRACT
The likely issues – what does your client need/want? Although the client has come to you for financial advice, there may be a number of other problems which have an impact on that. You will need to identify problems, clarify possible goals, decide on priorities and assist your client in choosing a course of action. Example: A woman comes to see you. She makes the appointment in the name of Mrs Jones, but she is not married and wants financial advice because her partner has told her their relationship is over. She tells you that they bought a property together, but that this is in the sole name of the man. Initially, there are some basic questions you will need to ask – never assume anything! 1 Is she legally married? 2 In whose name is the property? 3 When was it purchased? 4 For what purpose was it purchased? 5 How was the purchase price made up? For
example, who made contributions to the purchase price, deposit, paid any mortgage?
