During a quarter-century in the financial planning industry, one thing Arie Korving has noticed is that clients age at about the same rate that he does.
“As time went on, I have gotten older and clients have gotten older,” he said Tuesday in the boardroom of his North Suffolk-based firm Korving & Co., where he and son Stephen Korving offer advice on investment strategies, asset management and financial planning.
“As a result, I had the opportunity to basically work with them in the area of estate planning, taking care of them when someone in the family died.”
Arie Korving has written a book and accompanying workbook: “Before I Go: Preparing Your Affairs For Your Heirs.”
It’s basically a distillation of his experience helping clients financially plan for the day when they are no longer around. Information is gleaned from experience that also included a stint with UBS.
Chapters in Korving’s book deal with health care decisions during a “final illness,” planning for a funeral, financial accounting, financial management, balancing income and expenses, and reviewing plans annually.
The accompanying workbook allows one to create a record of their plans for surviving family.
“What this book is really designed to do is give people an opportunity to do that pre-planning — put down on paper … what the income is going to be, what are the expenses of running a household, (and) where are all the family’s investments,” Korving said.
“Those are the kinds of things wills and trusts really don’t go into.”
Both books are listed at $14.95, but prices vary on Amazon.com and from Barnes and Noble. They are also available from Korving’s office, Suite 800, 1510 Breezeport Way.
Call 638-5490 for more information.