Facing the loss of a spouse can be an incredibly challenging experience. At SA Financial Planners, our planners specialise in helping couples prepare financially for this difficult event well in advance. By implementing strategic financial planning strategies, we can assist couples in ensuring financial stability and security, even in the unfortunate event of the death of either spouse. Our goal is to provide peace of mind and alleviate the financial burdens that may arise during such challenging times.

Client Situation and Outcome

After the loss of her spouse, a recent widow finds herself uncertain and lacking the necessary financial expertise to navigate her new circumstances. Recognising her need for guidance and support, SA Financial Planners planners step in to provide the knowledge and assistance she requires. Initially, they work closely with her to assess the income she can anticipate from her late husband's pension. Together, they carefully review her expenses to determine the necessary revenue for maintaining her desired standard of living. Collaborating with the client, the planners develop a comprehensive inventory of her assets and identify potential risks within her portfolio.

In a coordinated effort with the widow's attorney, SA Financial Planners planners assist her in the essential tasks of re-registering assets in her name and navigating the process of filing life insurance claims. Additionally, they diligently analyse her tax returns, offering valuable insights and guidance to help her address any tax-related matters that arise. Through this comprehensive approach, the widow receives the support she needs to regain financial stability and confidence during this challenging time.

Planners work closely with the client to guide her in creating a sustainable income stream from her assets. This includes determining an appropriate asset allocation based on her age and financial situation. SA Financial Planners provides valuable advice to assist the client in making decisions about allocating funds to her children. Additionally, our team collaborates with an attorney to establish new estate documents aimed at minimising tax assessments and facilitating the smooth transfer of the estate to her children.

Once all necessary procedures and processes are completed, the client securely stores the documentation in SA Financial Planners electronic vault, gaining peace of mind knowing that everything is well-organised and prepared for the benefit of her children.

The Moral of the Story: Facing the loss of a spouse is an overwhelming experience. Don't navigate this journey alone; seek the support and guidance of professionals who can provide the necessary expertise and assistance during such challenging times.

12yrs

of experience in financial advisory area

3000+

advisory client relationships

R300m

total client assets under our management