Broker Check

Continuity Planning

At One Financial Services we believe personal continuity is a coordination of an individual’s financial, legal, tax, insurance, estate and health concerns all organized and shared with loved ones before a need arises. Our firm’s preference is to know a client’s support team in advance of a need.

Take this example…

‘Mr. Smith is aging and finding it difficult to stay up to date on his bills. Alex, his son, stops by one evening and notices a large amount of unopened mail on the credenza and voicemails from bill collectors. Alex immediately recognizes that he needs to intervene or help his father with getting items back in order.’

At that moment, One Financial Services would prefer that Alex already know our firm and our relationship with his father rather than the alternative of searching the home for last month’s statements to find contact information for an advisor he might remember exists.

Our firm prefers to meet the important players of a client’s team before an emergency, like the example above. There are authorized individuals, specifically executors and powers of attorney, that will someday need to intervene on behalf of a client. These individuals are often identified in estate documents. We encourage our clients to have these documents reviewed by qualified estate planning attorneys to make sure they are current and up to date with their goals and legal requirements. We then ask that these documents be shared with our firm prior to an emergency so we can be prepared to help during a crisis or stressful event.

Continuity planning is the management of getting to know the important players of a client’s support team. The power of attorney, the executor, the legal team, the medical team, and the family members should be aware of the choices our client has arranged to provide protection for their family and future. At One Financial Services we strive to make sure our client’s futures are their number ONE priority.

 

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG, LLC, to provide information on a topic that may be of interest. FMG, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Copyright 2014 FMG Suite.

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