Estate Planning for Widows and Widowers
About this episode
The episode discusses the role of financial advisors in supporting clients who have lost a spouse, covering various phases of the advisor-widow relationship.
Thomas Kopelman, Anne Rhodes, and Lisa Weigel explore the critical role financial advisors play when a client loses a spouse. They break the advisor-widow relationship into three phases—preparation while both spouses are alive, the frenetic first year of estate administration, and long-term re-engagement—and discuss what advisors need to get right at each stage. From navigating marital trust structures and updating beneficiary designations to managing tax elections, filing deadlines, and step-up in basis opportunities, this episode covers the practical and emotional complexities of guiding clients through one of life's most difficult transitions.
More episodes of The Practical Planner
- How to Create Stickiness as an Advisor, for the Post-Death of Clients
- A Deep Dive into Jump's Annual Research Report
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