Let me tell you about my experience meeting with clients, and it will explain why I have chosen to transform our practice to be centered around serving women.
As an Estate Planning and Elder Law Attorney for 23 years, I have administered literally thousands of estates. 80% of the time the husband dies first or experiences an incapacity first. So I find myself sitting with a woman who has just lost her spouse or is now the caregiver for her spouse.
The next most recurring scenario is the widow who becomes incapacitated and I am sitting there with her daughter who is now the primary caregiver. These women are scared. Suddenly they feel like they have lost their financial security and independence. They want to do a good job handling the financial affairs, but they do not understand WHAT to do, HOW to do, or WHEN to do.
I have seen their fear cause them to simply do nothing. They may forget to pay property or income taxes, keep the insurance in force, forget to take the required amounts out of retirement plans or they take the money from the least effective accounts. Everything is overwhelming and seems out of control. I have seen them taken advantage of by others, even by family. It is SO disturbing because I KNOW that is NOT what their husbands would’ve wanted, it’s not what they want, and it is not the way the daughter helping mom wants to feel. So I decided…this HAS to change. Beginning with 2014, I am transforming our practice to empower women to avoid that scenario.
Most of our clients are principled women. They are eager to learn and strive to be good stewards of their wealth. They want to be engaged in the process so they can make a positive impact on their future and that of their family.
And you know what’s interesting? It doesn’t matter what their walk of life is, or how they accumulated what they have, these women usually come to me with the same three concerns:
1. Will I run out of money?
2. Will I be able to maintain my current lifestyle?
3. Will I become a physical or financial burden on my spouse or my children?
So the first thing we do is create and implement their Stewardship Plan which immediately addresses their greatest areas of risk. The Stewardship Plan consists of their estate plan and the financial checkup. The result of having their estate plan in order and knowledge of financial concerns which need addressing is what we call their “Stewardship Plan”.
As they become a client of our other firms what we do is implement their “Wealth Strategy Plan” that incorporates their purpose for their wealth. Finally, they become a member of our “Stewardship University” where fun education is the key! We hold events throughout the year designed to educate, engage and build confidence to maintain their plans. Stewardship University is held exclusively for those who are clients of both Keeble & Pyke Financial Advisors, LLC and Pyke & Associates, P.C.
If you are a woman, or if you have an important woman in your life, you need to attend one of our Estate Planning Seminars listed on our website. These classes were designed with women in mind who are eager to learn and who strive to be good stewards of their wealth. They want to be engaged in the process so they can make a positive impact on their family’s future.