Insights & News

September 2010
Estate Planning

Don't Leave Your Spouse Cashless

Poor retirement planning can leave a recent widow or widower with no cash at a time they may need it most.

Until the estate is settled -- a process that can take months -- the bereaved spouse or partner won't have access to accounts that were held in one name only, unless the account owner took special care to resolve that problem.

Don't dismiss this as a retirement issue that is limited to very old-fashioned and conservative couples who kept all the family finances in the husband's name, says financial planner Lyn Dippel, principal with FAI Wealth Management in Columbia, Md.

To see this article on Bankrate's website, please Click Here.

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by FAI Wealth Management), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from FAI Wealth Management. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. FAI Wealth Management is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of FAI Wealth Management's current written disclosure statement discussing our advisory services and fees is available for review upon request.

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