Broker Check

Women In Life Transition

LOSS OF YOUR SPOUSE

If you have recently lost your spouse, we offer our condolences and understand this can be a difficult time filled with a lot of conflicting emotions.  Between 80 to 90 percent of women will become solely responsible for their own finances at some point in their life. This can be caused by divorce or the death of a spouse. You are not alone. If you are anything like us, when you lose your spouse you may be feeling or may have felt: numb, angry, overwhelmed, helpless, frightened, lonely, relieved, guilty, vulnerable, excited, confused, emotionally drained, or paralyzed.  We understand and we are here to help.

 

We have developed a refined process to help our clients gain clarity into what matters most in their financial matters. We can implement a plan to help you pursue your financial goals. 

 

Our process ensures that we never lose sight of two essential elements when working toward financial independence: what matters and what you can control. 


We start with what matters to you: family, occupation, and recreation.  We consider these to be the foundation of creating a plan to help you manage your financial goals.

 

After we assess what matters, then we can talk about what we can control and what we can’t control.

 

In life, there are many things outside of our control that we don’t spend much time worrying about. Instead, we focus on the things we can control.  In our process, those things are: having a solid financial plan, asset allocation, and emotions and behavior. 

 

The process we have created is tailored to women going through a life transition and has three stages to guide which decisions need to be made quickly and which can wait:

 

  1. Taking care of you. We listen first to your goals, questions, hopes, fears, and dreams. We can help you address any decisions that need to be made by prioritizing them based on importance. We can focus on your immediate needs such as getting a spending plan in place, understanding your cash flow, ensuring sufficient cash in an emergency fund, and assessing your asset allocation.

 

  1. Taking care of business. The next step, once you have gotten through the initial stages of grief, is to begin focusing on more long-term financial planning. We may review things like retirement plans, possible career changes, estate planning, and tax planning.  

 

  1. Taking care of more. In the final step of our process, we focus on advanced planning strategies. Here, we may address any special family issues or goals. We take into consideration any stories, values, or aspirations you may have for future generations.

 

By the time we have gone through our process together, our hope is that you may feel financially independent with a sense of clarity and a plan for your future.


INHERITANCE

If you have recently inherited wealth, you may be feeling overwhelmed with many emotions. We have found that many financial professionals only focus on the money. Though that is important, we will begin by talking about how you are feeling and what you would like to accomplish. One piece of immediate advice we share with our clients is: don’t rush into any decision. Take a deep breath and realize this wealth was left to you for a reason.

 

An inheritance can be a tremendous opportunity to plan your financial future, and it requires planning and patience. We can assist in helping you cultivate a plan for your financial goals. 

 

Fortunately, the process that we have created can also be applied to wealth that you may have inherited.



We will start by focusing on the foundation you have already set up in previous steps: your family, occupation, and recreation. If no further assessment is needed, we can begin the process of helping you establish a financial plan for your inheritance.

 

The process we have created is tailored to women going through a life transition and has three stages to guide which decisions need to be made quickly and which can wait:

 

  1. Taking care of you. We may first listen to your goals, questions you may have, fears, and dreams. Assessing your goals can help you prioritize which decisions need to be made now and which ones can wait. With this assessment, we can focus on your immediate needs like asset allocation, your emergency funds, and understanding your cash flow.
  2. Taking care of business. After you have gotten through the initial stages of grief, the next step is to begin focusing on your long-term financial plans. We may consider your retirement plans, career changes, and estate planning.
  3. Taking care of more. The last step of the process is dedicated to advanced planning strategies. Here, we may assess any family issues or goals. We may consider any aspirations, stories, or values you could have for the future generations.

 

After completing the process, we hope that you may have a clear financial plan in place and a sense of financial independence.