Life Events

Life Events

1. Marriage

   • Merge Accounts
   • Renew tax files
   • Short-term honeymoon/wedding ceremony expense

2. Divorce

   • Short-term legal counseling fees
   • Tax return and tax liability
   • Cancel joint accounts
   • Build independent credit history

3. Birth

   • Increase savings
   • Education plans
   • Update Insurance coverage and wlls

4. Death

   • Short-term funeral costs
   • Apply for death benefits
   • Restructure deceased person's bank and brokerage accounts
   • Distribute the assets as indicated on the will

5. New Job

   • Job benefits adjusted
   • Increase in life insurance
   • Possible relocation expenses

6. New House

   • Short-term down payment
   • Mortgage payments
   • Insurance and maintenance costs
   • Real-estate taxes

7. Medical Emergency

   • Large medical expense
   • Potential necessary loan
   • Payment plan to avoid damage to credit score
   • Possible qualification for federal tax reduction