Planning for the inevitable - Together

Situation: A 53-year old client came to us with her gravely ill husband. They wanted to ensure that their estate was properly planned and that she was provided for following his death.

Actions: We worked with the couple to review and plan the estate, including the funding of a living trust for the husband and the coordination of the beneficiary designations. Upon his death, we helped the new widow fund the family trust and transfer the title to the assets. We reviewed the assets and the current allocation and discussed the risk tolerance of the surviving spouse as well as her current income needs. We then rebalanced the portfolio in accordance with her wishes.

Result: The couple was comforted in the knowledge that their affairs were in order and that the surviving spouse had provisions for her welfare. We continue to manage the investments in the trusts, providing adequate income for her.