Stage 1: Create Calm in Chaos
- Go through paperwork
- Assist in completing all necessary forms
- Prioritize what needs to be done now and what can wait until later
- Create a net worth statement (list out all assets and liabilities)
- Review assets to make sure there are no “red flags”
- Work with your attorney and accountant to be sure everything is cohesive
- Help gather necessary information
- Set up an organization system for all incoming bills and paperwork
- Explain options and how they fit into your overall financial picture
- Explain Social Security benefits
- Explain the probate process and what you can expect
- Assist in ensuring all benefits are received
Stage 2: Empowerment
- Needs Analysis
- Work with accountant to file your taxes
- Develop a personalized system for cash flow management
- Develop an emergency plan
- Partner with you to evaluate financial choices
- Assist with re-titling and renaming various accounts
- Develop identifiable and achievable financial and non-financial goals
Stage 3: Planning
- Analyze all insurance needs (health, disability, long-term care)
- Investment education
- Review/Modify existing estate planning documents
- Review beneficiary designations
- Plan for children/grandchildren’s education/inheritance