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FINANCIALLY Speaking A bout 15 years ago a member of my her husband planned ahead. It seems to me that church introduced me to a recent this was wonderful way to for Bob to tell his wife widow who had lost her husband that he loved her, even after he was gone. unexpectedly. Her husband had collapsed at a P.S. I Love You major retail outlet store and was gone before he outcomes, taught me an important lesson. As a hit the ground. She was lost, both emotionally result, I collaborated with another author and and fi nancially. produced a book which was titled, “Handbook You see, he had handled all the finances the “When I Die” book, as a ‘nod’ to my father- she had or where to locate all of the necessary in-law. and important information. To make matters book to our clients for over 10 years. This book system, just piles of paper and a computer she covers the following: financial holdings and put together a plan going forward. I had her collect statements and make phone calls to various institutions. We even had to hack the computer! It took us months to make sure we had found everything, resulting in a lot of wasted time and a widow that had to endure the anxiety that comes with uncertainty about her financial future. I was happy I could be there to help guide her through this difficult time, but to be honest, it wasn’t easy on either of us. Contrast that scenario with the death of my • Where to begin • Long term issues • Continuing and changing benefi ts • Settling the estate • Commonly asked questions • Checklists for important documents • Sample letters • Asset worksheet • Liability worksheet • Expense worksheet • Income worksheet The “Handbook for Beneficiaries” is a value- father-in-law, a retired Navy commander and added benefit that I provide for my clients, who one of the most organized men I ever met. have found the book to be a helpful tool in Bob had a “When I Die” folder in his desk that preparing for the future. outlined where all the important documents, I have always said that it is important to financial and legal information could be found. plan with life’s uncertainties in mind. There is There was great deal of detail in this folder, such a peace of mind that comes when you realize as who to contact and how, and what to say that this important information is organized when contact was made. What’s more, he had and complete. briefed his wife from time to time to ensure that Take the opportunity now to tell your family she was fully aware of the folder’s contents. He you love them, even after you’re gone, by encouraged her to ask questions while he was getting and filling out the “When I Die” book… there to answer them. I mean the “Handbook for Beneficiaries.” The The loss of a loved one is never easy, but it 1757569RM-Apr19 I have been giving this professionally printed worse, there seemed to be no organizational in to try to help her find and access all their Jeffrey M. Orth is a Chartered Financial Consultant, a Certified Advisor in Senior Living, and an Investment Advisor Representative, with over 15 years of experience as a business and personal planning, insurance, and wealth management specialist. Jeff is available for group lectures and private consultations. Visit or call 408.842.2716. for Beneficiaries,” even though I wanted to call it during their marriage, and she wasn’t sure what didn’t know the password to access. I stepped 1. These two stories, and their vastly different was made much easier for Anna Belle because time it takes to fill out this book will be time well spent. Registered Representative of, and Securities and Investment Advisory Services offered through Hornor, Townsend & Kent, Inc. (HTK). Registered Investment Advisor. Member FINRA/SIPC, 16845 Von Karman Ave, Ste. 225 Irvine, CA 92606 (949)754-1700. IFIT is independent of HTK. CA Lic #0C49291 58 GILROY • MORGAN HILL • SAN MARTIN MAY/JUNE 2017