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Before Someone Passes Away Thumbnail

Before Someone Passes Away

A couple of weeks ago, I got a very upsetting call.

I’ve been working with Amelia and Henry1 for several years.  

They were referred to me by an attorney that thought I might be a good fit for them.

And after a couple of conversations, it seemed that we were indeed a good match for each other.

Their concerns of retirement and all that comes with that, is something I am well versed in.

Working together, a comprehensive financial plan was developed and over time, we worked at getting various tasks completed.

Like many financial plans I create, unusual things can be uncovered. In Amelia and Henry’s case, they did have a few investments that needed some attention and extra planning around.

I made sure their investments aligned with their risk tolerance and need for income. I did some Social Security planning, uncovered some tax savings strategies, ensured their estate was protected from things like Probate, that their various types of insurance was correct, and then worked together on things as they came up each year.

Then, about a year ago, I got that call I never want to receive.  Amelia was diagnosed with a terminal illness and the prognosis wasn’t good.

Amelia wasn’t old in my book, far from it, and this news hit me pretty hard. Amelia and Henry were all around great clients.  I always enjoyed seeing them and catching up and helping with whatever was on their minds.

From the time I learned of the diagnosis to the time Amelia recently passed away, I can’t think of too many days she wasn’t in my thoughts.

After I meditated, I would send her positive energy to hope alleviate some of what she was going through.

There wasn't too much to do financially or legally speaking as we had completed that earlier on, however, during one discussion, Amelia mentioned there was something she would like to do for certain family members.

We also discussed some items to help ensure Amelia’s estate would be settled quickly and in the most cost affective manner.

We all think we have more time than we do.  In Amelia and Henry’s case, we did have time to plan, but sometimes we don’t.

If you have not completed your estate plan (Making sure your wishes would be carried out in the event of your disability or death) then I urge so to do so soon.

Not having certain things done can leave quite a mess for your loved ones.

Since I know firsthand what these potential messes can be, I am happy to chat with you to help get you on the right track.

Over the years, I have had other clients pass away but they were in their 80's and 90's (One was even close to 100).  When someone dies at a much younger age like Amelia, it can be especially difficult.  Amelia was such a wonderful person.  Kind hearted and truly special.  She will surely be missed by many.

Want to chat?  Feel free to click on my calendar link HERE.

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In good health.

All the best.

Rick Fingerman, CFP®, CDFA®, CCPS®



1 Not their real names


Nothing in this article should be construed as investment or legal advice. All investments carry risk of loss. Always speak with your investment professional before buying or selling a security.

Financial Planning Solutions, LLC (FPS) is a Registered Investment Advisor. Financial Planning Solutions, LLC (FPS) provides this blog for informational and educational purposes only. Nothing in this blog should be considered investment, tax, or legal advice. FPS only renders personalized advice to each client. Information herein includes opinions and source information that is believed to be reliable. However, such information may not be independently verified by FPS. Please see important disclosures link at the bottom of this page.

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