"Nuts and Bolts" Planning

“Nuts and Bolts” Planning merges together the practical attributes of estate planning and financial planning into a process that is both relevant and meaningful.

While it can often involve financial products, the primary function to “Nuts and Bolts Planning” is about a process. The key attributes to this process are:

• Weighting and managing financial risks
• Possible collaboration with other professionals
• A review of Healthcare coverage and issues of financial frailty
• Coordinating lifelong income options with social security
• Making financial organization a priority

Ultimately, it comes down to what’s most important for you

Ask yourself these questions:

1. What are my financial objectives over the next 12 months, 12 years, and beyond?
2. What would need to happen to protect my family financially if I died tomorrow?
3. How could I afford to live if I became sick or hurt and lost my income?
4. What has to happen for me to build a comfortable retirement for the future?
5. Are the goals of my financial estate being met?
6. What steps should I take from being a financial and emotional burden to loved ones in my older age?
7. What happens if we have another pandenic like Covid-19?