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Twelve Months of Financial Milestones Working with Financial and Legal Advisors
How Do I Find the Right Financial Advisor? How Do I Find the Right Legal Advisor? |
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WORKING WITH FINANCIAL AND LEGAL ADVISORS
The kind of advisor you need depends on the nature of the advice you seek. Turn to financial advisors for assistance with: • Personal financial planning. An advisor can help you identify goals and objectives and review your current holdings, such as investments and insurance. A financial advisor also can help provide objective information so you can make decisions based on facts rather than emotions. • Tax calculation and preparation. Federal and state income tax returns still must be filed for the year in which your loved one died. Estate tax returns are due nine months following the death. • Investment management. • Credit counseling and debt management. Lawyers can help you with matters related to: • Settling your loved one’s estate. This means dividing his or her personal property among survivors according to the will or the laws of the state. Property includes real estate, jewelry, cars, retirement accounts, life insurance, and more. Generally, larger and more complex estates will require legal advice. • Pending or existing lawsuits.
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What Kind of Advisor Do I Need?
