Dealing with an emergency is stressful for everyone. The unexpected nature can catch you off guard and leave you in a panic, not sure where to turn for advice or help. When emergencies arise, it’s important to react calmly and contact the appropriate people so they may assist you in protecting your loving family, your financial assets, and your personal belongings.
To make sure your bases are covered, have these three people on speed dial as these are the most important professionals to contact in case of an emergency (aside from medical professionals, of course):
1. Financial Advisor
Your financial advisor manages your money and is one of the most important players in protecting your assets. In case of an emergency or even if you are just facing some bad luck, a financial advisor can help make sure your money is working for you. For example, if something should happen and you are unable to work, or if you need to access a large amount of money, your financial advisor will advise you during your situation so that you remain financially sound. This is especially important for older individuals in retirement age or small business owners. If you are in any situation that could drastically affect your finances, call your financial advisor before you take any next steps.
2. Insurance Company
Emergencies can be emotionally draining and costly, but luckily there are various types of insurance that can help you out in a bind. If you have covered your bases with insurance, then an emergency can be a minor setback instead of a catastrophe. In case of a car accident, natural disaster, or death, your insurance company (car insurance, homeowner’s insurance, life insurance, etc.) can help explain your benefits and administer them in a timely fashion to make sure your family and assets are protected. In the event of an emergency, you want to call your insurance companies, explain the situation, and receive coverage to help mitigate the damage.
3. Attorney
In some cases, you need more than just advice on your finances or insurance coverage to help you out of your situation. In case of a lawsuit, death, family conflict, and more, contacting an attorney can help you understand your legal rights to protect you, your family, and your assets. An attorney can clearly explain what your rights are and defend you against any trouble, or unfortunate situation.
Caldwell Trust Company
Caldwell Trust Company is an independent trust company with offices in Venice and Sarasota, Florida. Established in 1993, the firm currently manages over $800 million in assets for clients throughout the United States. The company offers a full range of fiduciary services to individuals, including services as trustee, custodian, investment adviser, financial manager, and personal representative. Additionally, Caldwell manages 401(k) and 403(b) qualified retirement plans for employers.
