Who we help - Family Changes

Having a new baby, buying a house or caring for a sick family member are just one of the many events that will occur during your lifetime. Each life event may result in dramatic changes to your family’s circumstances. Be prepared to make those important financial decisions!

What are your life events?

Marriage: As you begin a new life together, your financial outlook, goals and priorities change. Combining savings and income with a new partner creates the perfect opportunity to formulate goals, determine time-horizons and establish retirement savings and investment programs. Let Sharon McCormick help you by creating a comprehensive written Financial Plan.

Children: Your children are your legacy. Planning for their proper care from a financial perspective involves insurance, educational savings and estate planning.  Be sure to review your current will, estate plan and insurance coverage when children arrive. Beneficiary designation is extremely important. Sharon’s team of professionals can help outline many solutions nd options for tax-free and tax-deferred savings programs.

Divorce or Remarriage: Managing finances and investments during divorce is often a difficult situation. Establishing savings and investment strategies with a new spouse can also be challenging. Investment considerations for these life events include reviewing and updating your estate plan documents for proper beneficiary designations and creating a new Financial Plan.

Loss of a Spouse: The possible death of a loved one is hard to imagine and even harder to plan for. Establishing a proper estate plan can help you to be prepared . Let Sharon’s team of professionals review your estate plan and provide strategies to offset some of the anticipated hardships.

Caring for Parents: Many parents have already taken the necessary steps to provide for their own extended care through astute investing or the purchase of long-term care insurance. Helping your parents plan for their advanced years may be the best gift you give them, and yourself, particularly if they will be unable to carry the financial burden.  Financial Planning, Long-Term Care Insurance and Wealth Transfer Planning can assist with a more comfortable transition and lessen the potential impact that caring for parents could cause.

If you are going through any of these or any other family changes now is a good time to speak to Sharon McCormick!