Sometimes life takes us on an unexpected path. From a new adventure with an employment change or relocation, to the loss of a loved one and subsequent inheritance, a trusted financial advisor can guide you through the steps that need to be taken to manage a transition effectively.
Loss of a Loved One
The loss of loved one is one of the most difficult life events and transitions that can occur in our lifetimes. If you have recently lost someone close to you, please accept our deepest condolences. At TrinityPoint Wealth, we understand the state of overwhelm you may be experiencing, and we can help. As you begin the process, consider reaching out to one of our advisors. We have been assisting clients with estate related transitions for many years and operate as a fiduciaries - so your best interests will be paramount. We can assist you with organization, planning, prioritization of next steps, communicating with your estate attorney and/or tax advisor throughout the entire process, and more.
Inheritance or Windfall
Whether it’s from fortuitous windfall, inheritance due to the loss of a loved one or some other circumstance, the sudden receipt of a large sum of money can be very overwhelming. If this event could create a significant change in your life, it is important to take the time to get grounded and look forward to your life goals and integrate this new resource into your personal financial plan. Considerations should be given to tax and estate planning issues that may arise. Whatever your case may be, we can help you assess the impact this can have on your life and develop a strategy for making the most of your new found wealth.
Are you thinking about or in the process of getting a divorce? What steps can you take now to protect your financial well-being?
Divorce Financial Planning is an area in which we specialize. Having earned the CERTIFIED DIVORCE FINANCIAL ANALYST® designation, we can help you navigate the financial issues and complexities that need to be addressed, so you can take the next step toward your new chapter.
It is important to consider the financial realities of divorce before, rather than after, the final papers are signed. We will evaluate your entire financial picture to help you arrive at a fair and equitable division of assets and liabilities, with a reasonable expectation of income and expenses going forward. Working with you and your attorneys, we will provide data analysis that shows the financial effect of any given settlement. This includes identifying tax consequences and potential issues in dividing complex or illiquid assets and investments, analyzing pension and retirement plans, determining if you can afford to remain in your home and understanding the short- and long-term effects of dividing property.
Once the divorce is final, we will continue to provide you with financial guidance and asset management. Our ultimate goal is to help you achieve peace of mind with a financial plan for the future and the knowledge that you’ve made the best possible decisions for yourself and your family.
There are many financial issues to consider when moving from one employer to another. These issues may vary depending on the circumstances surrounding the change. The sudden loss of your job, an opportunity with a new employer or even a big promotion with your existing employer will have financial implications. If moving to a new employer or position within, we can help you evaluate your new health and retirement benefits and determine what best to do with your retirement savings plan with your previous employer. A substantial increase or decrease in pay may warrant a review of your budget or goals. Whatever the case may be, TrinityPoint Wealth can help answer these questions as you explore your new employment path.
Relocating to a new place of residence can represent an exciting new chapter in your life but it is important to recognize the financial issues that arise, especially if you continue to spend time and hold property in multiple states. There can be significant expense, tax and estate planning issues that come into play. TrinityPoint Wealth can help you assess and plan an appropriate strategy for these situations.