Avoiding Financial Turmoil at the Death of a Spouse

MOST of us do not even want to contemplate the death of a spouse or partner — much less the prospect of having to take care of the financial end of such a loss while still grieving. There are, however, plenty of details that people can attend to in advance that can avoid some measure of stress when the time comes. Most people tend to ignore or procrastinate over such tasks — for obvious reasons — but planning can certainly ease some avoidable financial sorrows. The first step to prepare for this unhappy life stage is to make sure both partners have a thorough understanding of the couple’s spousal and individual assets and where they are. Are there life insurance policies? Do they name the ri

6 Reasons to Review Your Estate Plan

Creating a solid estate plan is a wonderful idea – but the process shouldn’t end when your plan is in place. We have a Client Maintenance Program to help our clients with regular updates of their Estate Plan. After all, your life changes and your Estate Plan should keep up with those changes. Following are a couple of common life changes that require an update to your Estate Plan. Divorce. Once your divorce is finalized, your plan should be revised as quickly as possible to reflect any new goals and desires. In addition, you can take steps to protect your heirs from potential future divorce. Re-Marriage. If you and your new spouse both have children from a previous marriage or relationship,

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(786) 463-4463

North Miami Beach, Florida