What changes about financial planning when your client doesn't have children?
More than many advisors realize.
In this episode of RIA Collective, Charlie Van Derven sits down with Maddy Roche, Chief Growth Officer at Childfree Trust, to explore the unique financial, estate, and long-term care planning needs of people without children.
After spending roughly 11 years helping build XY Planning Network, Maddy has worked closely with thousands of independent financial advisors. Today, she's focused on helping the industry better understand a growing and often underserved demographic.
Maddy explains how planning can fundamentally change when children aren't part of the equation. Questions around powers of attorney, trustees, executors, long-term care, charitable giving, and aging all require a different conversation.
In this episode, Charlie and Maddy discuss:
• Why financial planning changes for clients without children
• The difference between being childfree and childless
• Why advisors may be overlooking a significant prospective client opportunity
• DINKs, SINKs, and the financial behaviors of people without kids
• How traditional financial planning language can unintentionally alienate prospects
• Estate planning challenges for clients without traditional next of kin
• Who serves as power of attorney, trustee, or executor when family isn't the answer
• Long-term care and the realities of aging without children
• Why childfree clients may approach legacy and "dying with zero" differently
• How advisors can better communicate with this demographic
• How Childfree Trust works alongside financial advisors rather than replacing them
• Why simply asking the right questions can create tremendous value for clients
One of the biggest takeaways from the conversation:
Having no children doesn't mean having no family, and it doesn't mean needing less financial planning. It means the planning may need to look different.
For independent advisors, that creates an opportunity to better serve existing clients while potentially connecting with a group of people who haven't traditionally felt that financial planning was built for them.
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Connect with Maddy Roche
Childfree Trust: https://childfreetrust.com/
Childfree Insights: https://childfreeinsights.com/
LinkedIn: https://www.linkedin.com/in/maddy-roche-25962032/
Connect with Charlie Van Derven
Social Advisors: https://social-advisors.com/
LinkedIn: https://www.linkedin.com/in/charlievanderven/
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