Life Events
The planning process uses the information and data at a particular point in time. Changes occur daily that may require your plan to be updated. Here are a few of examples of life events:
- Jobs, promotion and employee benefits
- New investments or insurance
- Gain/loss of a business partner
- Retirement
- Sold or acquired assets
- Start or purchase of a business
- Sale or purchase of a home
- Change in marital status
- Change in estate plan
- Death of a family member
- Aging parents
- College planning for children or grandchildren
- New child or grandchild
- Receipt of an inheritance
- Health concerns
- Special needs of children