Divorced or Widowed Spouses
Situation: A woman’s husband, who handled most of the family’s financial decision making over the years, has passed away unexpectedly. Suddenly she is confronted with a significant reduction in income and a host of issues with which she has little experience.
Strategy: We could help her track down all of her husband’s assets: life insurance policies, pension plans, bank and brokerage accounts. Move them into her name with minimum tax liability and develop a plan to use these assets to help generate enough cash flow to replace the husband’s lost income.