Losing a spouse can be very difficult. Davies Wealth Management planners can help a couple financially prepare in advance of the death of either spouse.

Client Situation and Outcome

A recent widow may be hesitant or lack the expertise to handle finances. Planners can assist by providing knowledge and offering support. Initially, they help her ascertain how much income she can expect to receive from her late husband's pension and social security. Together, they review expenses to aid her in determining how much revenue is required to maintain a desired standard of living. Working with the client, planners develop an asset inventory and discuss possible risks within the portfolio.

Davies Wealth Management planners join with the widow's attorney to assist her with re-registering assets in her name and filing life insurance claims. They also study tax returns, helping her to understand and address all issues.

Planners coordinate with the client to guide her in creating a comfortable income from assets. This assistance includes establishing an appropriate asset allocation based on age and financial situation. Annuity Strategic offers advice to help the client decide what monies to give to her children and collaborates with an attorney to tender new estate documents designed to pass the estate to her children with a low tax assessment.

When procedures and processes are complete, the client files the documentation in Annuity Strategic's electronic vault, comforted everything is in order for her children.

The Moral of the Story: Don't deal with the death of a spouse alone.

25yrs

of experience in financial advisory area

100+

advisory client relationships

10+yrs

Of true independence 

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