The child of an elderly widow reaches out to Spinelli Financial Advisors seeking management of their parent's finances, care, estate, and household.
The child is a busy professional with young children, and the mother's affairs now require more time and attendance than they are able to provide with their busy schedule.
The Spinelli Plan
First, we would determine the mother’s needs and child's needs during initial meetings. We would then develop a plan that includes estate and trust planning and distributions, income planning, medical and daily care selection and administration, and investment portfolio management. We would track monthly, daily, and yearly expenses and ensure bills are paid on time and in full. Our plan would also include coordination of services for property and household management as needed or requested, giving both child and daughter assurance that their financial, personal, and medical needs are being carefully managed.