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Client Newsletter July 2019

Hello Again!

Let’s talk about how prepared you are to handle a personal financial crisis.  

Individuals who are married or in a committed relationship face the possibility they’ll end up managing finances alone at some point in their lives. Unfortunately, the first-time many experience handling complicated financial matters alone is during a personal crisis following the divorce or death of a spouse or partner. 

We’ve prepared a list of thought-provoking questions pertaining to financial fitness and crisis preparedness. You can use these as a starting point to check how prepared you are to handle a personal financial crisis in your life. Begin by reviewing the questions, and then determine what you’ve already done and check those items off the list. 

Asset management 

  • Do I have a clear picture of where my assets are located? 
  • Will my retirement assets provide a comfortable retirement for my life expectancy?
  • Do I have a well-diversified portfolio? 
  • Are my investments appropriate in today’s economy?
  • Are my assets titled properly?
  • Do I have an emergency fund?
  • Am I taking advantage of techniques to reduce my taxes? 

Estate planning 

  • Do I have a will? 
  • Is my will current?
  • Have I determined what my family may owe in estate taxes?
  • Have I funded my estate-tax liability?
  • Have I explored and taken advantage of wealth-transfer techniques?
  • Do I wish to provide for charitable giving?
  • Are my power of attorney and my living will up to date?

Debt management 

  • Do I know my credit score? 
  • Could I get a loan if I applied?


  • Do I have enough insurance coverage to cover medical expenses? 
  • To provide for disability/long-term care?
  • To provide for family members’ security?
  • To fund estate-tax liability?

In addition …

  • Have I coordinated my advisors’ (financial, attorney, CPA, banker) activities? 
  • What changes in my life are likely to occur within the next three years?
  • Do I know the status of my parents’ and children’s financial situations and the implications for my financial well-being?
  • Would I be prepared for a family emergency if it happened tomorrow? 

We hope these questions can bring some clarity to your situation.  If you have further questions or need help working through some of them, please give us a call. 


Garrett G. Smith
Financial Advisor

Paul M. Norman
Senior Financial Advisor

Our firm does not provide legal or tax advice. 


1300 N 200 E #114C
Logan, UT 84341
Tel: 801-476-1200
Fax: 801-476-1207

175 Historic 25th Street
Ogden, UT 84401
Tel: 801-476-1200
Fax: 801-476-1207