For The Bereaved . . .
Overwhelmed With Grief And Responsibility
Nancy, age 50, had not worked outside the home since her first child was born. Her husband Dan, a professional, had always managed their personal finances other than the family checkbook, which was her sole financial responsibility.
When Dan died unexpectedly, Nancy was referred to us. When tragedies like this strike our clients, our support goes way beyond the financial issues. We know how grief can impair a person's ability to function at a time when they may be most vulnerable.
Fear Of Making Costly Mistakes
With Dan's sudden death Nancy was overwhelmed with grief and all the responsibilities that now fell on her shoulders. With no experience managing their finances she was afraid of making critical mistakes. She wondered how she could ever do this alone.
What needed to be done now and what could be safely put off until later?
Could she afford to stay in their home?
How could she know?
Helping To Organize, Review, and Manage
Every Aspect Of Her Finances
Our first step will be to set aside everything else and offer help making arrangements for a memorial service and help tend to any other immediate needs.
When she is ready, through our Strategic Planning and Management Process, we will create a new investment plan to meet Nancy's new situation. We will address what needs to be done most while deferring what can be until she is better able to cope.
In the weeks and months that follow . . .
Working with her CPA and attorney, we will help her get Dan's business sold and all the loose ends tied up.
We will help her organize, review, and manage every aspect of her finances.
We'll even go with her if she likes to make major purchases reducing her anxiety and helping her get a fair deal.
Growing In Confidence
Desired outcome: Working with Nancy we'll help her gain control over her finances when everything else seems so out of control. We can help create a bridge from the life she knew to her new life situation, so when she's ready, she can move forward step by step.
As we will address her finances piece by piece, her confidence will grow in her own abilities and in her family's financial future.
Call us to see how we can make a difference in your life at 916.858.1111 or send an email to Ed.Dower@AEWealthAdvisors.com
These case studies are hypothetical in nature and are presented only as examples and are not intended as investment advice. Please consult your financial advisor if you have questions about these studies and how they relate to your own financial situation.