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Life Transitions

Life can be complicated and it doesn’t stand still. You’ll face changes in your personal or family life, some joyous and others challenging, some planned and others unexpected. We can help you address the financial implications of every life transition. We will examine your family’s financial situation from all angles — we look at the current financial state, identify future potential risks, and develop detailed financial plans that help meet your family’s needs/goals, foster peace of mind, and help position your family for financial success from one generation to the next. In addition to our traditional financial planning services, here’s are the other ways we can help:

Navigate the Changes in Your Financial Landscape With Us:

Marriage or Remarriage

If you, or a family member, are preparing to marry or remarry, we can work with you and your family law attorneys to structure and implement pre-nuptial agreements, and other estate planning documents, to help protect your assets. We can also work with you and your insurance advisor to review your insurance plans and ensure that your coverage levels — for life, property and casualty, disability, and umbrella liability — make sense for your specific situation. We will also review your beneficiary designations to confirm that they are up to date.

Birth and Adoption

If your family is expanding through birth or adoption, we will work with you and your trust and estate attorneys to implement or update wills, trust documents, powers of attorney documents, and health care proxies to make sure your new family member is included per your wishes. We will also review your beneficiary designations to confirm that they are up to date.

You may wish to invest in the future success of your new family member by supporting their education. We can help you evaluate different education savings vehicles, from Section 529 Plans to UGMA/UTMA accounts; and from Coverdell Education Savings Accounts to prepaid tuition plans. We can then design portfolios to help you reach your elementary, secondary, or college savings goals.

Divorce

We can assist you and your divorce attorneys in cataloguing assets and reviewing divorce documents to help maximize your portion of the divorce settlement. We will work with you to examine custodial arrangements for your children and the associated financial considerations. We can work with you and your trust and estate attorneys to implement or update wills, trust documents, power of attorney documents, and health care proxies. We can also work with you and your insurance advisor to review your insurance plans and ensure that your coverage levels — for life, property and casualty, disability, and umbrella liability — make sense for your specific situation. We will also review your beneficiary designations and help you make any necessary updates.

Death of a Spouse or Life Partner

If you are terminally ill or your spouse or life partner is terminally ill, we will work with you and your trust and estate attorneys to implement or update wills, trust documents, powers of attorney documents, and health care proxies for you and your spouse. We can also work with you and your insurance advisor to review your insurance plans and coverage levels. We will also review your beneficiary designations to make sure they are up to date. We can provide an additional level of support to a surviving spouse or life partner by guiding them through the asset transition process, offering education on financial and investment basics, and provide peace of mind by managing all aspects of their financial life.