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HEALTH



HEALTH

We’ll help you prepare for the unexpected.

For years I heard the voice of a wise old sage (my mother) tell me, “If you have your health you have everything.“ It wasn’t until I hit the midcentury period of my own life that I truly appreciated that statement. So what do you do with this wisdom? “Plan for the best, but prepare for the worst.” Can you guess who made that statement? That’s right, my mom!

According to cancer.org, in 2015 there will be an estimated 500 thousand cancer deaths in the United States alone. Alz.org estimates by 2050 the numbers of people age 65 and older who become afflicted with Alzheimer’s may nearly triple from 5 million to as many as 16 million. Heart disease is estimated to affect 611,105 U.S. citizens according to cdc.gov.

These numbers aren’t meant to scare, they are written to jolt you into seeing the need to prepare for the worst. Having the funds available for care if these health issues become yours to deal with, is critical in keeping the quality of life as high as possible for you and your loved ones.

We’re here to help. Watch the video, read the case study and call.

HOW WE'VE HELPED PEOPLE LIKE YOU!

Planning for Aging Case Study

A long-term client of SVA Plumb worked with trust and wealth management advisors throughout many major transitions in his life, including planning for management of his affairs during disability and transferring his assets to his children after his passing.

In their late 60s, a couple turned to SVA Plumb to help manage their finances. The husband, a busy professional, was still working and wanted help managing the significant assets they had accumulated over the years.

As the family’s lives changed in the next 15 years, SVA Plumb worked closely with the family to keep their financial and estate plans in sync.

SVA Plumb restructured the family’s financial plan several times. First, as the couple neared retirement, they created a new plan based on the selling of the family home, moving into an easier-to-care-for condominium and consolidating their various 401(k) and IRA plans.

A few years into retirement, the wife died unexpectedly. Several years later, the husband decided to travel more. With his advisors’ guidance, the client decided to move his assets into several trusts, naming SVA Plumb as agent. This gave the client the freedom to leave home when he wanted, knowing that SVA Plumb would handle routine financial duties, like paying bills, as well as continue to assist with regular wealth management tasks.

SVA Plumb overhauled the financial plan again as the client was diagnosed with Alzheimer’s disease. Before his condition became too severe, they worked with the client to create concrete financial and health plans of action. The client decided to step down as trustee and appoint SVA Plumb Trust Company in his stead, meaning that SVA Plumb would take over all of his financial activities, including investments, bill paying, coordination with legal advisors, preparation of income taxes and real estate transactions.

In addition, the SVA Plumb team worked with the client’s attorneys to make sure that the client’s adult children had Powers of Attorney for health and financial matters. As the client’s health condition worsened, the children were in constant contact with SVA Plumb to make major decisions such as moving the client into a senior care facility and selling real estate.

Finally, after the client passed away, SVA Plumb worked with the family to transfer his assets to his beneficiaries. The client’s children continue to work with SVA Plumb today.

“During the major transitions of this client’s life, we were honored to be his partner and provide a peace of mind that his assets were being handled according to his wishes, and that they would be passed along to his family in the smoothest manner possible.”

Kathryn Norton - JD
President

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PERSONAL INVESTMENT STRATEGY

At SVA Plumb Financial, our financial advisors take a broad view of your financial picture, including your life stage, sources of income, assets and liabilities, insurance coverage, and family composition. Taking all of these things into consideration, we work with you to develop a financial plan that’s custom tailored just for you.

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TRUST & FIDUCIARY SERVICES

Our mission is to simplify the financial lives for both individuals and institutions. Our trust officers are trained to comply with fiduciary management laws to protect and safe-keep the assets with which we are entrusted. We provide clients with the peace of mind that comes with knowing your investments are continuously monitored and your obligations are being met.

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