Financially preparing before a loved one passes

Watch Chris Berte, Investment Advisor Representative of Signet Financial Management, discuss a few key points that can help reduce the stress and anxiety around losing a loved one. We understand that family comes first, with this in mind, we seek to dig deeper on financial challenges such as these to better prepare clients for future uncertainty. Losing someone close to you is never something we want to think about, but clients can lift a large weight off their shoulders when they consider financially preparing with the tips presented by Chris.

These four helpful tips take a greater in-depth look at estate planning reviews, documentation for all your accounts, understanding the proper contact and personnel to get in touch with and, most importantly, celebrating the time you have with your loved ones together.

Losing a loved one is never easy, but there are active steps anyone can make to ensure that you are better prepared financially when circumstances arise.

  1. Review estate plan. The most important document is a last will and testament, but there should also be a durable power of attorney, beneficiaries, and trusts as well.
  2. Gather important documents, such as financial account information, property deeds, vehicle titles, and insurance policies in a safe place.
  3. Know who to contact. Put the contact information in a safe place for an attorney, insurance broker, financial advisor, and accountant. 
  4. Celebrate time together. Talk with your loved ones about their life and memories, as a well as their wishes.

Everyone can benefit from some degree of financial planning before a loved one passes. Getting affairs in order can be overwhelming, but Signet is here to help at every step of the way. 

For all your financially needs and services, Signet strives to find the best solution for you based on your personal and financial wants, needs, goals and objectives.

Need help financially preparing?  Please contact us, Chris Berte or to schedule a time to talk.

Want to learn more? Stay tuned into our insights for more articles, videos, and resources provided by our trusted professionals of Signet Financial Management.

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