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