Understand the Facts

Once you have gathered the facts to create an effective estate plan, you’ll need to analyze your financial information. Are there any surprises? Should you anticipate any surprises? What if your husband died? Would your income be sufficient to cover your expenses and your lifestyle? Do you need to create wealth in the short term?

If you are older and insurance is not a good option are you spending too much money? Will your investments hold their value and sustain you through the duration of your lifetime? Should you make adjustments? There are all kinds of models and computer simulations available today to provide an answer.

Click here to read all of Patricia’s blog on this issue, and check back to read the next installment, “Financial Vulnerabilities.”