One of the best pieces of advice I've received from my financial adviser at Barretta Wealth Management was not about what stocks to buy but that you need to have a plan now for what can happen financially in the future. Here's Jamie's story:
“You never think it will happen to you. Even when my best friend had her husband die unexpectedly a year prior, I still was shocked and unprepared when it happened to me too. I was 40 and my daughter, Rosie, had just turned 3 when her father died suddenly and unexpectedly from a blood clot. Through all the tears, we were thrown into having to piece back our lives while dealing with the fact that we didn't have a trust created to protect us. We had conversations about being prepared but we were young and in no hurry.
I've always been financially independent, but our financial situation was in question as, without a plan, everything went into probate. Our home, our money, and our daughter's future were in the hands of the court for a long time. It made an already hard situation, much harder and very costly.
Now, as a single mom, I share my story as a warning to ask the hard questions with your partner. Make sure to review all documents together and with a third party. Take the time to create a financial plan so you can feel secure now and in the future" BarrettaWealth.com
You never think it will happen to you
It made an already hard situation, much harder and very costly
