A recent widow was overwhelmed by the many decisions she faced.
She had limited knowledge of the family finances because her husband was the primary financial manager. She needed someone to explain the various assets and company benefits available to her – and someone to help her navigate a large estate settlement.
We worked together with her CPA and Estate Attorney to analyze her complete financial situation. From all our collaborative efforts, we developed a game plan to settle her husband’s estate and address her other retirement needs going forward.
This couple have very successful careers with no time, or desire, to consider their financial affairs. They lacked a financial plan, including a vision of their future and how to get there. They also had nothing planned for their minor children should somethingunexpected happen.
Despite their extremely busy lives, we were able to maximize our time together to organize their finances, create financial goals and create a plan to work toward their goals.
A single woman, earning a great salary, came to me because she was spending everything she earned! She knew she needed to save, but didn’t know where to start.
Her assets were all over the place, so the first thing we did was consolidate her investments and develop a financial plan that positioned her for financial security. This client also owned rental property and our extensive experience in residential real estate permitted us to account for that in her plan.
We also collaborated with an estate attorney to create an estate plan that ensure her family and desired charitable organizations are taken care of. The best thing about having a plan and an advisor is that no matter what life throws you, you will be empowered to make the best decisions – planning well so you can live confidently.
Case studies presented are not indicative of all client experiences with Royal Alliance Associates. Each client has unique circumstances and the case studies presented are only meant to illustrate common situations/errors individuals make when handling their investments. Case studies presented should not be interpreted as a guarantee of future performance or success.