Estate Planning

Review all assets, including real estate, investments, retirement accounts, business interests, and personal property.

Identify outstanding debts, including mortgages, loans, and other liabilities.

Discuss family structure (spouse, children, dependents, extended family) to understand inheritance goals and any complexities (e.g., blended families, estranged relationships).

Clarify the client's long-term goals for distributing their assets, ensuring financial support for loved ones, or leaving a charitable legacy.

Break down spending into categories like housing, transportation, groceries, debt payments, and discretionary spending.

Identify necessary adjustments to align spending with goals (e.g., reducing dining out, cutting subscriptions).

Establish or review the adequacy of an emergency fund (typically 3-6 months of living expenses).

Define goals for short- and long-term savings (vacations, home down payments, retirement).

Build a sustainable monthly budget that reflects lifestyle and goals, ensuring enough cash flow to cover expenses and savings.