Unexpected events can place even a well-designed financial plan under significant pressure. Risk management identifies circumstances that could affect your ability to earn income, provide for your family, preserve your assets, or accomplish important financial goals. These risks may include disability, premature death, an extended care need, liability exposure, or another disruption to your financial life.
Risk management begins with understanding the financial impact unexpected events could have on you and your family. We help clients evaluate questions such as what type and amount of life insurance may be appropriate, as well as what disability insurance benefits may already be available through an employer and what additional coverage may be available in the individual marketplace.
We also help clients identify broader planning considerations that may require coordination with other professionals. This can include determining whether documents such as a Power of Attorney should be discussed with an estate-planning attorney so that someone you trust has the appropriate authority to act on your behalf if circumstances require it.