Rebuild: Loss of Loved Ones

When settling an estate, there are a number of pieces that need to be put into action to provide the smoothest transition:

  • Budget decisions to be made
  • Investments to reallocate to meet changing needs
  • Beneficiary designations to be changes
  • Trusts need to be funded

My experience and empathy enable me to help financially inexperienced widows and widowers, as well as the newly separated and divorced, to gain control and confidence, and to make prudent decisions as they face new challenges.

  • Daily financial management
  • Facilitating transfer of assets
  • Rollover retirement assets to IRA’s
  • College planning
  • The sale, purchase or refinance of residence
  • Restructure of debt
  • Gaining financial independence
  • Providing a financial plan for your new future

Don’t Overlook Financial Records

In times of transition, one of the areas overlooked is the changing of beneficiary designations for life insurance policies, retirement plans, bank accounts, as well as home and car insurance, etc. and the need to restructure ownership and coverages.

When the unthinkable has happened, you need to take the time to review all policy and account ownership records and beneficiary designations. If you wait, too often you will lose sight of this necessary step and be caught without proper account management.

Consider shared designations and ownership status to avoid repeating this issue in the future.