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Becky Johnson, CSA, CFP, CEP

2019 CSA Conference

 

Becky Johnson, CSA, CFP®, CEP

Money Wellness Coach 

 

My Unfinished Business-Preparing Finances for When I Am Gone

Sometimes it’s the end of life details that people don’t want to face or talk about but really need to.

With proper guidance there are things that can be done now to make it easier for both the senior and those left behind. Some important issues include: Will my surviving spouse be OK? Tax compliance and planning. Court costs. Establish valuable paper organization. Get answers to important questions of those left behind. Do seniors even have what they think they have? These are only a few of the important topics that should be addressed by both the senior and their survivors, before it is too late.

An unbiased, holistic and knowledgeable financial professional can address and organize everything from paperwork, budgets for surviving spouses, create strategies for debt reduction and plans for dealing with final expenses. With the correct coaching they can find savings opportunities and avoid unnecessary expenses. Often “found” money can fund the expense of the financial services. A review of all insurance policies that are in place should be done and identify what adjustments may be needed. It would be a treasured bonus for the senior to provide recorded family and personal history plus individualized messages to the children and grandchildren.

How do you choose that financial professional?  How do you choose one that can be an advocate without sales pressure? There are things to look for and things to avoid.

This is an important process that can leave peace of mind for both the senior and their loved ones! This can allow the family more time and energy to be with the senior and their emotional and physical needs. Doing this before a crisis is always best, but value is there even when time is of the essence. It’s important to have these fruitful, yet respectful and compassionate conversations.

You will walk away from this session with some valuable insights and resources you can pass on to your senior clients and their families. Your seniors can have the satisfaction knowing that their affairs are in order. They will have finished a final piece of business that most leave unfinished!

Learning Objectives

  • Understand the value of an end of life financial review and its opportunities
  • Understand the qualities to look for when seeking a financial advocate
  • How a financial review can resolve fears and concerns of the family

About Becky

Becky Johnson has been in the financial world since 1985. Her love of seniors began in 1989 as she facilitated a farm family to think through how to pass their assets to their family efficiently, at very low cost and without the frustrating probate system. Becky found it interesting how various opinions came from different attorneys. 

Becky has a unique talent for solving technically complicated situations. Whether the issues revolve around various Taxes, Real Estate, Investments, Estate Planning, Retirement Plans, Insurances products, she has the distinct ability to look at the complicated situations, sort through options, seek creative solutions, then create a personalized roadmap for the family.

The value of planning for the inevitable became a consistent theme of her work over the years with all generations. Of course, the sooner one starts the process, the more options are available.

She loves being her clients’ advocate. So often people get confused with options and she loves being in the position of working through the situation, with the heart of a teacher, with no bias.

As a natural mediator, families appreciate the opportunity to work through the relational issues that sometimes don’t allow for them to move forward. Too many families become stuck and then make no progress on fulfilling end of life financial planning. Becky is committed to high work ethics with respectful and confidential financial coaching. 
 
As Becky is now becoming a senior, she is seeing where her boomer peers and their families have work to do to get their affairs in order.  It’s time to face the inevitable!  There is too much unfinished business. 

 
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