Why Should We Have An Independent Financial Advisor When Negotiating A Settlement After Death?

Having an independent financial advisor who is able to give advice to all parties when negotiating a settlement after someone has died offers multiple benefits.

Less anxiety through greater understanding

One of an independent financial advisor can reduce the stress of negotiating a claim on a Will is by helping everyone to understand their current financial situation, and visualise their future so they can see what their ideal settlement outcome might be. 

They can do this through modelling, using your current situation, and then various amounts or assets you could receive, and based on your estimated lifetime and retirement age.

Creating a level playing field

Over decades, where each person has taken on a different role and made different sacrifices, it’s not uncommon for assumptions to be made about who did what and what they’ve already been given. When that kind of imbalance in knowledge exists, an independent financial planner can help to level the playing field. They can boost everyone’s confidence and clarity by providing education and support tailored to their needs.

Negotiate confidently

The quality of the outcome often correlates to how soon a specialist financial planner is brought into the conversation. The sooner everyone starts thinking about what they want, and how that might be different to what they need, the more likely they are to negotiate with confidence.

Original published TBA Law