Death or Divorce
We offer compassionate guidance during life’s challenging transitions, such as losing a loved one or navigating divorce. CAISSA can assist with financial account transitions, trust funding for tax efficiency, and help you make informed decisions amidst grief or change. Whether settling an estate or unwinding a marital life, we’re here to simplify complexities, provide references for trusted attorneys, and create new financial plans that align with your evolving goals.
Charting a New Path
Jane was navigating the difficulties of a pending divorce and at a financial crossroads. CAISSA was able to provide needed guidance as Jane contemplated her new-normal (as a single-earner household). She was looking to better understand the resources available to her after the asset base she and her ex-husband built was ultimately divided. These resources included alimony, home sale proceeds, retirement accounts, and executive compensation awards.
CAISSA also helped her understand how certain assets were taxed and when her various retirement accounts would be available to support her cash flow. We then mapped out 5 years of cash flows, providing Jane comfort in knowing where her income would come from in the near-term.
While it was a challenging time in her life, we were able to help alleviate some of the stress associated with financial unknowns.
Settling a Loved-One's Estate and Receiving an Inheritance
CAISSA worked with Katie and her family following her father’s death. She inherited a significant asset base, much of which passed to her via an irrevocable trust that was initially created at her mother’s passing (that then combined with her father’s estate).
Our team collaborated with her attorney, tax advisor, and trustees to transfer the assets to the irrevocable trust, align the investments to meet trust’s objectives, and thoughtfully develop a tax plan to maximize tax efficiency.
Because Katie was also to serve as executor of the estate and trustee of the irrevocable trust, we were able to provide her with support in her new role as fiduciary while she navigated the demands of settling her father’s estate.