During more emotional times of your life, having a trusted team to handle financial aspects can help preserve your mental energy. In the case of losing your spouse, we serve as a guide through asset transfers, cash flow management, and discussing your plan as you take over as the single head of household.
As the surviving spouse, you may not have previously handled your family’s finances. This is not a problem. We help you gather information about your accounts and locate existing assets to help ensure that you secure current income while minimizing any loss of income. On the whole, we hope to provide you with the full picture of your assets, including your debt obligations.
Once we’ve identified all your accounts and types of investments you hold, we conduct an asset transfer and help you understand any risk associated with those assets as you take them on as the beneficiary. Through the transfer, we’re attentive to mitigating tax obligations.
We’ll revisit your comprehensive plan and talk about new strategies to replace your spouse’s income. As you take on a new chapter of life, we’ll discuss how to best update your objectives, estate planning strategies, beneficiaries, and insurance planning. It can feel overwhelming, but we’ll meet with you at whatever frequency makes you feel comfortable and confident to move forward.
We continue to help you manage your portfolio and investments and execute your plan to help meet your needs for income and liquidity. We’ll work to help you strike a balance in your asset allocation, risk management, and growth to meet your present and future needs.
Insurance products are offered through nonbank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.