OIs the advisor fiduciary? Fiduciary advisors have the best obligation set your interests ahead of their own. Sales reps peddling insurance, mutual funds and other financial appliances are most likely not fiduciaries. Only about 15% of financial advisors actually satisfy the fiduciary stipulation.
It makes no difference if you have a large estate or a good small apartment. Your "estate" includes everything from bank accounts and property to household goods and cars. Anything that you own and the actual under name is a factor that should be planned for in increase. After all, the entire point of estate planning will be allow of a smooth division of your belongings after your death. Furthermore, as death may happen at in a case where for various reasons, it stands to reason you could plan earlier. and soon.
What is the adviser's fiduciary responsible? This kind of is important because Registered Investment Advisors (RIA) have a fiduciary responsibility to anyone the best advice options for your situation, and not simply options are actually suitable.
All this happened before '08. And what happened in 2008? Everybody knows, however the two hardest hit sectors in the actual marketplace were monetary and industry sectors. And did she once get yourself a call out of the broker, maybe brokerage firm suggesting she do anything to take cover