The Loss of a Parent

and Caring for a Widowed Mother

Our client passed away unexpectedly from a heart attack at age 82. He left behind his wife, three adult daughters, and seven grandchildren. We walked closely with the family as they navigated complex matters including insurance claims, real estate transactions, and prudently investing assets for the care and comfort of the surviving spouse. We were also privileged to gain the trust of the eldest daughter and advise her household as she transitioned to semi-retirement to care for her mother.

Details

Ages: 83

Family: 3 adult children, 7 grandchildren

Occupation: Retired

Investable Assets: $2M

Planning needs: Personal investments, retirement plan, & cash management

How We Have Helped

• Coordinated the process of submitting death claims, re-titling financial accounts, and facilitating the payout of insurance benefits

• Researched elder care solutions for the surviving spouse including Korean-speaking assisted living and daycare facilities

• Advised on Medicare premiums and the tax implications of

• Identified investment solutions that met the surviving spouse’s risk tolerance and objective to preserve principal and achieve moderate income

• Facilitated account consolidation and rollovers for the eldest daughter and developed a cohesive investment strategy for her and her husband