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AFTER-LIFE PLANNING

The Ultimate Dress Rehearsal

Financial Planning for After the Death of a Spouse

We financially plan for many things in our lives: college graduation, our wedding day, the birth of a child, the day we retire. We plan for these big events for weeks, months, even years. But there is one event we don’t prepare for—our last one. What will happen to your family members if you are suddenly not there to provide for them?

That’s where the concept of the ultimate dress rehearsal comes in—it’s a simple but incredibly powerful idea that will provide you and your spouse with peace of mind. As your financial advisors, we’ll invite your entire financial team—including your attorney, accountant, and insurance professional—to our office in Fishkill, New York, to meet with you and your spouse. We’ll work with you to agree on what to do to financially support your spouse in the event that you’re no longer there. By creating an action plan now, everyone will know what to do in the future.

Coordinating the Details of Your Action Plan

Together with your attorney and other professionals, we’ll help coordinate all the details which may include making sure your will is up to date and that all your legal documents, policies, and accounts are organized and accessible. We’ll discuss whether your spouse will be financially secure without you or whether he or she will need to consider any lifestyle changes, and we’ll address any questions you may have so neither of you is left to figure out the answers alone.

There’s no better way for a couple to appreciate their lives together than to know everything will be taken care of down the road. Contact Murphy Wealth in Dutchess County, New York, to schedule your ultimate dress rehearsal and get your financial action plan under control.