Kenawell-Hoffecker also attracts divorcing individuals who hire her strictly to manage their wealth. She doesn’t get involved in the divorce litigation or collaboration for these new clients, but she may help them see what their life will look like after their divorce settlement.
This can include helping them understand what decisions they need to make regarding how much they have to earn, when they can retire and how the divorce can impact college planning, she said. “There’s just a million things that a client may or may not have thought about,” she said.
Kenawell-Hoffecker reminds dueling spouses that with each of their legal fees running $300 to $400 per hour, it’s easy to quickly blow past the cost of the actual assets they’re fighting over. Sometimes they come around to collaborating. “The divorce is a tough enough decision to come to,” she said, “without adding salt to the wound.”