Guiding Wealth Management's

Services for Recently Widowed Women:

 

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