Don’t Throw Your Spouse to the Wolves

So many times, one spouse or the other handled all the financial decisions in the family. What happens when that person is no longer around to do it? These questions are at the center of most of Brad Williams’ ongoing Financial Planning seminars throughout the year:

  • I don’t know what to do with all of this money
  • I’ve managed the family finances all this time. What happens if something happens to me?
  • How is my spouse going to be taken care of?
  • I have some health problems, how do I get my spouse up-to-date?

There are legal as well as financial considerations involved, which is why Brad Williams often invites legal experts to his seminars to offer two perspectives on retirement and estate planning. “Many spouses are left unaware when the money manager in the family passes away, and being unaware under those circumstances is a lot like being thrown to the wolves,” Brad explains. “There are a lot of disreputable people out there who take advantage of a person in grief, especially if they are rather naïve at financial matters. There are also advisors out there who will set up a structure that makes the financial advisor the most money, rather than protecting the interests of their clients.”

It isn’t always about dishonesty. Often, financial professionals get caught up in their roles as advisors, and forget to continue their own education. As a result, they may have 20 years as a financial advisor but are still completely unaware of the perpetually changing rules and regulations that govern the financial world.

For over 25 years, Brad Williams has attended many seminars, workshops, and mentoring sessions designed to help financial planners and advisors stay abreast of the subtle legal changes in rules and regulations. An uninformed financial advisor can be very costly to a client.

“A mentor once told me, ‘When you look back over the first twenty years of your career, make sure you are providing twenty years of financial planning experience, and not one year of financial planning experience, twenty times.’ I was inspired by that advice,” Brad says. “I am here to help you build what I call a sound financial house. I can only do that if I understand the ever-changing nuances of the financial industry myself.”

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