Planning For Your Family
Family Financial Planning
|Our success will be built on the unique
partnership we forge together; a relationship built on good
communication and comprehensive planning.
I believe that a good
exercise for any investor is to consider eight key aspects of your
financial picture. Perhaps not all these questions apply to you, but if
we take the time to talk about them—to anticipate them—I can develop a
fundamentally strong financial plan that will increase your likelihood
A thorough and thoughtful conversation about these
possibilities can ensure that we develop a well-informed financial
strategy. Nick Murray presented a wonderful exercise in his book titled
'The New Financial Advisor'. Nick urges his clients to sit with their
advisors and ask themselves the following important questions:
benefit by sitting down and talking to us about any—or all—of these
questions. Please contact us and we’ll talk!
- What would happen if you or someone in your family was suddenly disabled?
you plan to help a child, or grandchild, study at university? When do
you expect this to happen, and how much do you anticipate it will cost?
- How and when do you want to retire? What will it cost to live the way you imagine your retirement to be?
- Do you anticipate contributing to your parents’ livelihood, as they age?
- How important is it to help your children or grandchildren if they are confronted with financial challenges?
- What would happen to your family if you died?
- Is there a church, a charity, or an educational institute to which you want to leave a legacy?
will your heirs handle their inheritance? Will they be burdened by a
tax liability in order to preserve treasured family assets?