What do I do next?
Talk to us, we are Certified Financial Transitionists trained to help you manage this difficult transition.
What and where are my assets?
Do I have enough money?
We take a holistic approach in developing a financial plan based on your goals, values and risk tolerance. We help you achieve a meaningful and lasting journey.
- Know you cannot control all life events, but you can control how you respond to them.
- If your loved one paid bills on line, be careful not to double pay.
- Allow yourself time to mourn.
- Gather all financial documents.
- Locate wills and trusts.
- Look for important documents in your safe deposit box.
- Monitor your loved one’s email.
- Take time out for yourself.
- Cancel your loved one’s credit cards, medical insurance, and driver’s license.
- Contact Social Security to claim your new benefit status.
- Don’t forget to update beneficiaries on financial accounts.
- Don’t forget to make appropriate changes to wills and trusts.
- Don’t make rash decisions about anything.
- Don’t ignore your finances.
- Don’t forget to check your loved one’s company benefit plan documents.
- Don’t let too much time pass before contacting your accountant and filing your taxes appropriately.
Comprehensive Financial Help – Advice and Implementation
List of Services
- Organizing all financial documents
- Reviewing legal documents such as wills, and trusts
- Determining spousal benefits from pensions, social security, annuities, qualified plans and insurance policies
- Preparing a basic plan that projects current and future living expenses and cash flow
- Creating a comprehensive financial plan
- Locating, and assisting with spousal 401(K) plans and other qualified retirement accounts
- Determining the implications of keeping the family home
- Establishing new cost basis on taxable assets
- Setting up budget and financial management strategies using our proprietary on-line program
Peggy lost the love of her life. She was heartbroken, despondent, and afraid. At her first visit, she asked us many questions: Do I have enough money to live? Should I sell my house? Where did my husband keep our money? How do I handle the taxes? She felt alone and helpless, wondering why “he” had to go first.
We instructed Peg to put any financially related paperwork she could find in a box and bring it to us at her upcoming appointment. We helped her find multiple banks accounts that Bob had maintained, stock certificates and savings bonds that were stashed away, and a 401K plan that was kept with Bob’s last employer. We handled all her account/equity registration changes; we helped her execute Bob’s life insurance payout, and we started teaching her about the fundamentals of finances.
Today, Peg still lives in her home of 35 years, she visits her grandchildren often, and she sometimes calls us to inquire about making a stock trade or gifting to one of her children. Peg is strong, comfortable and renewed.
"Don't isolate yourself after the passing of a loved one. The need for attachment and social contact lies deep within all of us. Although having time to ourselves is important, loneliness is a negative emotional state.
We may choose to spend time alone, but we don't choose to be lonely." ~ Dr. Robert Emmons
“When one door of happiness closes, another opens; but often we look so long at the closed door that we do not see the one which has been opened for us.”