What is Transitional Planning?

After the death of a spouse the surviving spouse has many hurdles to overcome. They are dealing with grief and loneliness, settling their spouse's estate and adjusting to new responsibilities. In addition, their household income has reduced causing stress and worry over finances.

 

The period of time it takes for the surviving spouse to adjust to their new lifestyle is commonly referred to as the "Transition Period."  A normal timeframe for this process is 12-24 months.

 

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Understanding the Tax Impact

What is Provisional Income?

 
 
The information provided on this website is for general informational purposes only and does not constitute legal or accounting advice. JL Smith Associates is not a law firm or an accounting firm and does not provide legal or accounting services. The content on this website is supplied courtesy of our attorney network and is intended to offer general information only. It should not be relied upon as a substitute for professional advice tailored to your specific circumstances. You should always consult with a qualified attorney or accountant before making decisions based on any information found on this website.
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