Christi Staib is the President of Silver Sail Wealth Advisors and works with her clients on making sure they have a secure financial future. After losing her husband, Christi found herself in grief and navigating this complex financial world. There are so many things you don't consider after a loved one passes and this is why Christi has created a financial checklist to help fellow widows navigate this foreign world. This is a two-part series, so stay tuned for next week's episode with Christi!
Key Takeaways:
- A little bit about Christi and her background in wealth management.
- This is a two-part series on how to gracefully navigate death and money.
- Christi shares her grief story.
- After losing her husband in a scuba diving accident, she found purpose again in helping others.
- Why are we poor?
- What does someone need to do/think about to keep their finances safe after a loss?
- Call the social security office, attorney, accountant, and insurance.
- Have a safety deposit in the bank? Access it before you notify the bank about your loved one's passing.
- Christi shares a list of documents you also need to be looking for/need to find.
- People also don't think that you can transfer airline miles and other points onto someone else.
- Susan has heard stories of widows losing their home and having to take on a second job.
- Money is such a big topic, often taboo, and it caused Susan a lot of anxiety trying to navigate how much money you need to be okay.
- It can be so tough to even just sell the car or the house when there are so many memories attached to it.
- People will give you the 'should' dos on when to sell things, but at the end of the day, it's your decision.
- How should you be thinking about money as you navigate the grief process?
- What are some of the most common mistakes people make in their financial planning?
- Everyone has made some bad mistakes with money.
- What advice does Christi have for someone battling with grief and money?
- Christi also shares her advice on how friends and family help a grieving person with their finances.
- Consider giving your friend or family member the gift of a financial advisor.
Resources:
Silversailwealthadvisors.com
Silversailwealthadvisors.com/team/Christi Staib
The Secrets of the Power of Intention by Dr. Wayne W. Dyer
Navigating the Unique Financial Needs of Women Today: Smart Steps for Women and Their Wealth by Christi Staib
