Compassionate Wealth Management for Widows
Every widow or widower pays a heavy, emotional toll when they lose their spouse.
But the potential financial toll usually takes a backseat, often far too long, which can lead to a different, but equally devastating loss.
The Financial Challenges Widows and Widowers Face:
Our Investing Solutions: Widows and widowers often spend the first weeks in a mental fog. We act with urgency to create a priority checklist that addresses cashflow needs, receiving entitled benefits and other details so you can heal at your own pace.
Our Investing Solutions for Surviving Spouses: Maybe your spouse handled the investments. Maybe you don’t think anything needs to change. Whatever the reason, this life-altering event should come with a complete review of your wealth to see what, if anything, should change based on your new circumstances.
Our Investing Solutions: We get it. Involving a stranger with what you have left invites skepticism. But we view trust as the most valuable commodity in our industry. There’s no question too simple or complex in your situation. It’s our job to help you manage finances after death, truthfully and at all times. Promise.
Our Investing Solutions: We work side-by-side with your attorney to help ensure your estate planning strategy considers gifting maximums, trusts, wills and other crucial components so your final wishes are honored.
The Investing Questions Widows and Widowers Ask Us:
Of course — especially if they’re fiduciaries like we are. In fact, we consider wealth management for widows to be one of our strengths because we serve a fair amount of surviving spouses. Watching their confidence grow throughout partnership is easily one of the best parts of our job.
Honestly, there are many because just about everything involves money. We recommend claiming life insurance first, if you own this type of policy. You’ll also want to contact your insurance company, update banking accounts and bills, notify your spouse’s employer (if they were still working). The list continues.
It depends. It’s true you might need to become slightly more conservative, but not necessarily. You might want to sell your home to downsize. You might have been the “saver” in your marriage. The best way to find out is to talk to our wealth managers for a heart-to-heart investing review.
Widows and widowers may be eligible for survivor benefits. As with claiming social security for yourself, many factors are in play — and you need to consider all of them. We provide help so you claim as much possible depending every variable, including those you haven’t considered.
