When we identified this as one of the Seven Most Common Mistakes, we understood that this might be a difficult subject to present. We all have relatives and friends who we know are there for us both in good times, and even more importantly in bad times. Our relatives and friends mean a lot to us, and we would not want to hurt their feelings in any way.
Truth be known, people reach out to friends when they feel that person has no help coming from anyone in their time of need. We have found that once a relative or friend realizes you are in good hands, it is actually a relief to them knowing that you are on top of things and will be ok. They now know that they can concentrate on giving you the best support possible, which is often times emotional support.
A RELATIVE OR FRIEND YOU RELY ON FOR ADVICE SHOULD BE A PARTICIPANT
It is very important to understand however, if you do rely on a particular relative or friend when making important decisions, that person should participate from the very beginning in any discussions or meetings you may have with your attorney, financial planner or accountant. The primary reason for this is often times the message is lost when trying to describe the advice given to you by a professional you are working with. This may in turn lead to advice being given that may not be the best. Also, if your relative or friend has questions or concerns about what you discussed with your financial planner, attorney or accountant, you may not have the ability to answer them accurately.
Unfortunately, when someone feels emotionally bound to rely just on the advice of a relative or close friend, the result can be costly, and often times the mistakes made by not seeking the help and advice of a professional cannot be reversed, once they are made. Though the friend or relative may feel terrible about this, unfortunately you, and possibly your family, will be the ones who will be directly impacted. Again, most likely the impact on you and your family can be permanent, and irreversible.
CHOOSE A PROFESSIONAL WHO SPECIALIZES IN THE HELP YOU NEED
Though many advisors are available to you, and like all professionals will have various levels of expertise, we would like you to be aware that we specialize in working with funeral homes and their families throughout the state of Connecticut. We have more than 20 years of experience working with funeral homes, and have been appointed as the Preferred Provider of Financial Services for the Connecticut Funeral Directors Association.
Please feel free to contact us at any time, and we will call you upon your request. In the event a personal consultation is indicated, we have agreed with your funeral director to provide a consultation either at one of our three offices, or at your home, at no cost to you.
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