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1. Shard Calculation

Query:

Response:

Calculated Shard: 62 (from laksa005)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa062.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.wealthspire.com/blog/what-everyone-should-know-about-family-finances/\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.wealthspire.com/blog/what-everyone-should-know-about-family-finances/\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.wealthspire.com\/blog\/what-everyone-should-know-about-family-finances\/","crawl_time":1775310106,"first_indexed_time":1631109584,"http_code":200,"src_unparsed":"com,wealthspire!www,\/blog\/what-everyone-should-know-about-family-finances\/ s443","src_root_hash":"9491350935926262662","history_drop_reason":null,"meta_title":"What You Should Know About Family Finances - Wealthspire","meta_descriptions":["It's not uncommon in a family for one person to be more involved in finances. Make sure everyone in your family is aware of these things."],"attrs_boilerpipe_text":"Financial Planning\nWealth Transitions\nBlog\nWealth Management, Finance & Investing Blog\nWhat Everyone Should Know About Their Family Finances\nFebruary 11, 2025\nWealthspire\n>\nBlog\n>\nWhat Everyone Should Know About Their Family Finances\nAs financial advisors, we work with many clients who have lost a spouse, gone through a divorce, or are wondering what they should do if something happens to their significant other who has been managing the money and finances. We also work with many people who find themselves in a position of having to manage their parents’ finances. No matter the situation, it’s important for each person to be involved in the family finances – knowing where things are, who to call, and what to do in case an unforeseen event occurs. Maintaining transparency and having candid conversations about finances can also improve a couple’s relationship, as money is the most common thing that couples fight about. Likewise, sitting down with adult children and going over finances can save them a lot of heartache and confusion if they must suddenly take over.\nTo get started, couples and families should have answers to the following questions and maintain a detailed record of current information in one easily accessible place:\nWhat bank(s) do we use?\nWho is our wealth manager?\nWhat does our investment portfolio look like?\nDo we have a mortgage, and if so, with which company?\nDo we have insurance? What kind? Who are the providers? What are the annual premiums?\nWhat is the status of our estate plan? Do we have a will or trust? Have we appointed Powers of Attorney? Do we have a health care directive? Who is our attorney?\nWho is our accountant? Who does our taxes?\nWhat other assets do we own – cars, boats, vacation homes, artwork, jewelry, etc.? Where are the titles and other documents? Whose name are they in?\nWhere are the important documents – birth certificates, passports, marriage licenses?\nWhere is the login information for all financial accounts?\nMake a list of savings and investments (401(k) plans, IRAs, 529 plans, savings accounts, taxable investment accounts).\nWhat is the financial position of any business that we own? How is the business structured? Is there a succession plan in place?\nWhat income comes in each month?\nThe paystub from employers is a good place to look, or prior tax returns. If tax returns are not available, you can request a copy from the IRS with\nForm 4506\n.\nWhat is being spent? What is our monthly budget? What bills are due each month?\nLook at mortgage payments, car payments, college debt, utility bills, credit card bills, taxes, insurance, any spending on the home, merchandise, and loans.\nWhat is our cash flow position?\nThe next step would be for the family or couple to put together a financial plan – a road map of where they are and where they are going. So, what information goes into that financial plan?\nYour ages – this will help determine how long the plan will need to last, when you will receive Social Security, when you should apply for Medicare, when you will need to take required minimum distributions from retirement plans, etc.\nYour household income\nDo you have dependents?\nWhat state you are living in? This will determine taxes.\nAre you eligible for ex-spouse, widow\/er, or disability benefits?\nWhat assets do you have – homes, cars, art, jewelry, insurance policies?\nWhat debt do you have – credit card, mortgage, car loan?\nWill you be getting an inheritance?\nWill you be selling a business?\nDo you have stock options?\nInvestments:\nHow are you currently invested?\nHow should you be invested?\nAre you taking too much risk with your investments?\nDo you need to make changes to your investment allocation?\nRetirement:\nIf you are not yet retired, when do you plan to retire?\nWill you be moving to another state in retirement?\nWill you be getting social security? When and how much?\nDo you need to make changes to the amount you are spending?\nHow long will the money last given the information above?\nWhat are your goals? Needs? Wants? Wishes? Will you meet them?\nIn recent years, it has also become more convenient than ever to manage your finances with digital tools that are readily available online. These platforms can help with budgeting, tracking investments, and managing accounts, making it easier for families to stay organized and informed. Budgeting apps like Mint, YNAB (You Need A Budget), and PocketGuard can track spending, help set financial goals, and send alerts for upcoming bills. Most banks offer online banking services that enable users to manage their accounts, transfer funds, pay bills, and monitor transactions from their computers or mobile devices. Apps like Expensify and Shoeboxed help families keep track of their expenses by scanning and organizing receipts. These tools are particularly useful for managing business expenses and preparing for tax season. Tools like Debt Payoff Planner and Tally help families create plans to pay off their debts. These apps provide strategies for reducing debt, tracking progress, and staying motivated. By incorporating these digital financial tools into their financial management practices, families can gain better control over their finances, make informed decisions, and work towards achieving their financial goals.\nAs mentioned above, if you have children, it’s important that they have a handle on their finances too, no matter their age. Teaching financial literacy early on can go a long way in helping them when they need to manage their own money or step in to help manage yours.\nHaving an open discussion, organizing all financial assets, creating a financial plan, and sharing that plan with family members will help alleviate any issues that arise when unforeseen events occur, or circumstances change. The team at Wealthspire Advisors can provide advice to get you and your family organized and help facilitate these important discussions.\nContact us\ntoday to find out how we can help.\nWealthspire Advisors LLC, Fiducient Advisors LLC,  Wealthspire Retirement, LLC dba Wealthspire Retirement Advisory, and certain other affiliates are separately registered investment advisers. © 2025 Wealthspire Advisors\nPlease Note: Limitations.\nThe achievement of any professional designation, certification, degree, or license, recognition by publications, media, or other organizations, membership in any professional organization, or any amount of prior experience or success, should not be construed by a client or prospective client as a guarantee that he\/she will experience a certain level of results or satisfaction if Wealthspire is engaged, or continues to be engaged, to provide investment advisory services.\nCertified Divorce Financial Analyst® or CDFA® professionals must develop their theoretical and practical understanding and knowledge of the financial aspects of divorce by completing a comprehensive course of study approved by the Institute for Divorce Financial Analysts. CDFA® professionals must have two years minimum experience in a financial or legal capacity prior to earning the right to use the CDFA® certification mark.\nCDS® and Certified Divorce Specialist® are registered trademarks owned by National Association of Divorce Professionals, LLC.\nThis material should not be construed as a recommendation, offer to sell, or solicitation of an offer to buy a particular security or investment strategy. The information provided is for informational purposes only and should not be relied upon for accounting, legal, or tax advice. While the information is deemed reliable, Wealthspire Advisors cannot guarantee its accuracy, completeness, or suitability for any purpose, and makes no warranties with regard to the results to be obtained from its use.\nTopics\nCharitable Giving\nEducation Planning\nEndowments and Foundations\nEstate Planning\nFamily Office\nFinancial Planning\nIn the News\nInvesting\nRetirement Planning\nTax Planning\nTrending Topics\nWealth Transitions\nAbout Aviva Pinto, CDFA®, CDS®\nAviva Pinto, CDFA®, CDS is a managing director in our New York office.\nView all posts by\nAviva Pinto, CDFA®, CDS®\nTopics\nCharitable Giving\nEducation Planning\nEndowments and Foundations\nEstate Planning\nFamily Office\nFinancial Planning\nIn the News\nInvesting\nRetirement Planning\nTax Planning\nTrending Topics\nWealth Transitions\nRelated Content","attrs_markdown":"[skip to main content](https:\/\/www.wealthspire.com\/blog\/what-everyone-should-know-about-family-finances\/#maincontent)\n\n[Form CRS](https:\/\/www.wealthspire.com\/crs\/ \"Form CRS\")\n\n[Disclosures](https:\/\/www.wealthspire.com\/compliance\/ \"Disclosures\")\n\n[Client Login](https:\/\/www.wealthspire.com\/client-login\/ \"Client Login\")\n\n[![Wealthspire logo](https:\/\/www.wealthspire.com\/media\/4unbtqot\/wealthspire-logo.png)](https:\/\/www.wealthspire.com\/ \"Wealthspire\")\n\n- [Who We Serve](https:\/\/www.wealthspire.com\/blog\/what-everyone-should-know-about-family-finances\/ \"Who We Serve\")\n  - [Overview](https:\/\/www.wealthspire.com\/who-we-serve\/ \"Overview\")\n  - [Individual and Families](https:\/\/www.wealthspire.com\/who-we-serve\/individuals-and-families\/ \"Individual and Families\")\n  - [Executives](https:\/\/www.wealthspire.com\/who-we-serve\/executives\/ \"Executives\")\n  - [Attorneys](https:\/\/www.wealthspire.com\/who-we-serve\/attorneys\/ \"Attorneys\")\n  - [Business Owners](https:\/\/www.wealthspire.com\/who-we-serve\/business-owners\/ \"Business Owners\")\n  - [Women Investors](https:\/\/www.wealthspire.com\/who-we-serve\/women-investors\/ \"Women Investors\")\n  - [Charitable Investors](https:\/\/www.wealthspire.com\/who-we-serve\/charitable-investors\/ \"Charitable Investors\")\n  - [Endowments and Foundations](https:\/\/www.wealthspire.com\/who-we-serve\/endowments-and-foundations\/ \"Endowments and Foundations\")\n- [What We Do](https:\/\/www.wealthspire.com\/blog\/what-everyone-should-know-about-family-finances\/ \"What We Do\")\n  - [Overview](https:\/\/www.wealthspire.com\/what-we-do\/ \"Overview\")\n  - [Financial Planning](https:\/\/www.wealthspire.com\/blog\/what-everyone-should-know-about-family-finances\/ \"Financial Planning\")\n    - [Overview](https:\/\/www.wealthspire.com\/planning\/ \"Overview\")\n    - [Planning Considerations](https:\/\/www.wealthspire.com\/planning\/considerations\/ \"Planning Considerations\")\n    - [Client Reporting](https:\/\/www.wealthspire.com\/planning\/reporting\/ \"Client Reporting\")\n  - [Investing](https:\/\/www.wealthspire.com\/investing\/ \"Investing\")\n  - [Retirement Advisory Services](https:\/\/www.wealthspire.com\/what-we-do\/retirement-advisory-services\/ \" Retirement Advisory Services\")\n  - [Wealthspire Family Office](https:\/\/www.wealthspire.com\/family-office-services\/ \"Wealthspire Family Services\")\n  - [Outsourced Chief Investment Officer Services](https:\/\/www.wealthspire.com\/what-we-do\/ocio-services\/ \"Outsourced Chief Investment Officer Services\")\n- [About](https:\/\/www.wealthspire.com\/blog\/what-everyone-should-know-about-family-finances\/ \"About\")\n  - 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[Illinois](https:\/\/www.wealthspire.com\/locations\/illinois\/ \"Illinois\")\n  - [Maryland](https:\/\/www.wealthspire.com\/locations\/maryland\/ \"Maryland\")\n  - [Michigan](https:\/\/www.wealthspire.com\/locations\/michigan\/ \"Michigan\")\n  - [Nevada](https:\/\/www.wealthspire.com\/locations\/nevada\/ \"Nevada\")\n  - [New York](https:\/\/www.wealthspire.com\/locations\/new-york\/ \"New York\")\n  - [Ohio](https:\/\/www.wealthspire.com\/locations\/ohio\/ \"Ohio\")\n  - [Virginia](https:\/\/www.wealthspire.com\/locations\/virginia\/ \"Virginia\")\n  - [Washington](https:\/\/www.wealthspire.com\/locations\/washington\/ \"Washington\")\n  - [Wisconsin](https:\/\/www.wealthspire.com\/locations\/wisconsin\/ \"Wisconsin\")\n- [Contact](https:\/\/www.wealthspire.com\/blog\/what-everyone-should-know-about-family-finances\/ \"Contact\")\n  - [Overview](https:\/\/www.wealthspire.com\/contact\/ \"Overview\")\n  - [Book a Consultation](https:\/\/calendly.com\/wealthspire-client-relations\/advisor-consultation \"Book a Consultation\")\n  - [Careers](https:\/\/www.wealthspire.com\/contact\/careers\/ \"Careers\")\n\n- [Who We Serve](https:\/\/www.wealthspire.com\/blog\/what-everyone-should-know-about-family-finances\/ \"Who We Serve\")\n  - [Overview](https:\/\/www.wealthspire.com\/who-we-serve\/ \"Overview\")\n  - [Individual and Families](https:\/\/www.wealthspire.com\/who-we-serve\/individuals-and-families\/ \"Individual and Families\")\n  - [Executives](https:\/\/www.wealthspire.com\/who-we-serve\/executives\/ \"Executives\")\n  - [Attorneys](https:\/\/www.wealthspire.com\/who-we-serve\/attorneys\/ \"Attorneys\")\n  - [Business Owners](https:\/\/www.wealthspire.com\/who-we-serve\/business-owners\/ \"Business Owners\")\n  - [Woman Investors](https:\/\/www.wealthspire.com\/who-we-serve\/women-investors\/ \"Woman Investors\")\n  - [Charitable Investors](https:\/\/www.wealthspire.com\/who-we-serve\/charitable-investors\/ \"Charitable Investors\")\n  - [Endowments and Foundations](https:\/\/www.wealthspire.com\/who-we-serve\/endowments-and-foundations\/ \"Endowments and Foundations\")\n- [What We Do](https:\/\/www.wealthspire.com\/blog\/what-everyone-should-know-about-family-finances\/ \"What We Do\")\n  [Overview](https:\/\/www.wealthspire.com\/what-we-do\/ \"Overview\")\n  \n  [Financial Planning](https:\/\/www.wealthspire.com\/blog\/what-everyone-should-know-about-family-finances\/ \"Financial Planning\")\n  \n  [Overview](https:\/\/www.wealthspire.com\/planning\/ \"Overview\") [Planning Considerations](https:\/\/www.wealthspire.com\/planning\/considerations\/ \"Planning Considerations\") [Client Reporting](https:\/\/www.wealthspire.com\/planning\/reporting\/ \"Client Reporting\")\n  \n  [Investing](https:\/\/www.wealthspire.com\/investing\/ \"Investing\") [Retirement Advisory Services](https:\/\/www.wealthspire.com\/what-we-do\/retirement-advisory-services\/ \"Retirement Advisory Services\") [Wealthspire Family Office](https:\/\/www.wealthspire.com\/family-office-services\/ \"Wealthspire Family Office\") [Outsourced Chief Investment Officer Sevices](https:\/\/www.wealthspire.com\/what-we-do\/ocio-services\/ \"Outsourced Chief Investment Officer Sevices\")\n- [About](https:\/\/www.wealthspire.com\/blog\/what-everyone-should-know-about-family-finances\/ \"About\")\n  - [Overview](https:\/\/www.wealthspire.com\/about\/ \"Overview\")\n  - [Our People](https:\/\/www.wealthspire.com\/our-team\/?filterTags=All%20Advisors \"Our People\")\n  - [ASPIRE by Wealthspire](https:\/\/www.wealthspire.com\/about\/aspire-by-wealthspire-advisors \"ASPIRE by Wealthspire\")\n  - [WE by Wealthspire](https:\/\/www.wealthspire.com\/about\/we-by-wealthspire\/ \"WE by Wealthspire\")\n  - [Inclusion and Belonging](https:\/\/www.wealthspire.com\/about\/inclusion-and-belonging\/ \"Inclusion and Belonging\")\n  - [Recognition](https:\/\/www.wealthspire.com\/about\/recognition\/ \"Recognition\")\n  - [For Experienced Advisors](https:\/\/www.wealthspire.com\/about\/for-experienced-advisors\/ \"For Experienced Advisors\")\n- [News & Resources](https:\/\/www.wealthspire.com\/blog\/what-everyone-should-know-about-family-finances\/ \"News & Resources\")\n  - [Overview](https:\/\/www.wealthspire.com\/news-resources\/ \"Overview\")\n  - [Blog](https:\/\/www.wealthspire.com\/blog\/ \"Blog\")\n  - [Newsroom](https:\/\/www.wealthspire.com\/news\/ \"Newsroom\")\n  - [Market Commentary](https:\/\/www.wealthspire.com\/market-commentary\/ \"Market Commentary\")\n  - [Podcasts](https:\/\/www.wealthspire.com\/podcasts\/ \"Podcasts\")\n  - [Videos](https:\/\/www.wealthspire.com\/video\/ \"Videos\")\n  - [Financial Dictionary](https:\/\/www.wealthspire.com\/financial-dictionary\/ \"Financial Dictionary\")\n- [Locations](https:\/\/www.wealthspire.com\/blog\/what-everyone-should-know-about-family-finances\/ \"Locations\")\n  - [Overview](https:\/\/www.wealthspire.com\/locations\/ \"Overview\")\n  - [California](https:\/\/www.wealthspire.com\/locations\/california\/ \"California\")\n  - [Colorado](https:\/\/www.wealthspire.com\/locations\/colorado\/ \"Colorado\")\n  - [Connecticut](https:\/\/www.wealthspire.com\/locations\/connecticut\/ \"Connecticut\")\n  - [Florida](https:\/\/www.wealthspire.com\/locations\/florida\/ \"Florida\")\n  - [Illinois](https:\/\/www.wealthspire.com\/locations\/illinois\/ \"Illinois\")\n  - [Maryland](https:\/\/www.wealthspire.com\/locations\/maryland\/ \"Maryland\")\n  - [Michigan](https:\/\/www.wealthspire.com\/locations\/michigan\/ \"Michigan\")\n  - [Nevada](https:\/\/www.wealthspire.com\/locations\/nevada\/ \"Nevada\")\n  - [New York](https:\/\/www.wealthspire.com\/locations\/new-york\/ \"New York\")\n  - [Ohio](https:\/\/www.wealthspire.com\/locations\/ohio\/ \"Ohio\")\n  - [Virginia](https:\/\/www.wealthspire.com\/locations\/virginia\/ \"Virginia\")\n  - [Washington](https:\/\/www.wealthspire.com\/locations\/washington\/ \"Washington\")\n  - [Wisconsin](https:\/\/www.wealthspire.com\/locations\/wisconsin\/ \"Wisconsin\")\n- [Contact](https:\/\/www.wealthspire.com\/blog\/what-everyone-should-know-about-family-finances\/ \"Contact\")\n  - [Overview](https:\/\/www.wealthspire.com\/contact\/ \"Overview\")\n  - [Book a Consultation](https:\/\/calendly.com\/wealthspire-client-relations\/advisor-consultation \"Book a Consultation\")\n  - [Careers](https:\/\/www.wealthspire.com\/contact\/careers\/ \"Careers\")\n\nFinancial Planning\n\nWealth Transitions\n\nBlog\n\nWealth Management, Finance & Investing Blog\n# What Everyone Should Know About Their Family Finances\nFebruary 11, 2025\n\n- [Wealthspire](https:\/\/www.wealthspire.com\/ \"Wealthspire\")\\>\n- [Blog](https:\/\/www.wealthspire.com\/blog\/ \"Blog\")\\>\n- What Everyone Should Know About Their Family Finances\n\nShare\n\nAs financial advisors, we work with many clients who have lost a spouse, gone through a divorce, or are wondering what they should do if something happens to their significant other who has been managing the money and finances. We also work with many people who find themselves in a position of having to manage their parents’ finances. No matter the situation, it’s important for each person to be involved in the family finances – knowing where things are, who to call, and what to do in case an unforeseen event occurs. Maintaining transparency and having candid conversations about finances can also improve a couple’s relationship, as money is the most common thing that couples fight about. Likewise, sitting down with adult children and going over finances can save them a lot of heartache and confusion if they must suddenly take over.\n\nTo get started, couples and families should have answers to the following questions and maintain a detailed record of current information in one easily accessible place:\n\n- What bank(s) do we use?\n- Who is our wealth manager?\n- What does our investment portfolio look like?\n- Do we have a mortgage, and if so, with which company?\n- Do we have insurance? What kind? Who are the providers? What are the annual premiums?\n- What is the status of our estate plan? Do we have a will or trust? Have we appointed Powers of Attorney? Do we have a health care directive? Who is our attorney?\n- Who is our accountant? Who does our taxes?\n- What other assets do we own – cars, boats, vacation homes, artwork, jewelry, etc.? Where are the titles and other documents? Whose name are they in?\n- Where are the important documents – birth certificates, passports, marriage licenses?\n- Where is the login information for all financial accounts?\n  - Make a list of savings and investments (401(k) plans, IRAs, 529 plans, savings accounts, taxable investment accounts).\n- What is the financial position of any business that we own? How is the business structured? Is there a succession plan in place?\n- What income comes in each month?\n  - The paystub from employers is a good place to look, or prior tax returns. If tax returns are not available, you can request a copy from the IRS with [Form 4506](https:\/\/www.irs.gov\/pub\/irs-pdf\/f4506.pdf \"Form 4506\").\n- What is being spent? What is our monthly budget? What bills are due each month?\n  - Look at mortgage payments, car payments, college debt, utility bills, credit card bills, taxes, insurance, any spending on the home, merchandise, and loans.\n- What is our cash flow position?\n\nThe next step would be for the family or couple to put together a financial plan – a road map of where they are and where they are going. So, what information goes into that financial plan?\n\n- Your ages – this will help determine how long the plan will need to last, when you will receive Social Security, when you should apply for Medicare, when you will need to take required minimum distributions from retirement plans, etc.\n- Your household income\n- Do you have dependents?\n- What state you are living in? This will determine taxes.\n- Are you eligible for ex-spouse, widow\/er, or disability benefits?\n- What assets do you have – homes, cars, art, jewelry, insurance policies?\n- What debt do you have – credit card, mortgage, car loan?\n- Will you be getting an inheritance?\n- Will you be selling a business?\n- Do you have stock options?\n- Investments:\n  - How are you currently invested?\n  - How should you be invested?\n  - Are you taking too much risk with your investments?\n  - Do you need to make changes to your investment allocation?\n- Retirement:\n  - If you are not yet retired, when do you plan to retire?\n  - Will you be moving to another state in retirement?\n  - Will you be getting social security? When and how much?\n- Do you need to make changes to the amount you are spending?\n- How long will the money last given the information above?\n- What are your goals? Needs? Wants? Wishes? Will you meet them?\n\nIn recent years, it has also become more convenient than ever to manage your finances with digital tools that are readily available online. These platforms can help with budgeting, tracking investments, and managing accounts, making it easier for families to stay organized and informed. Budgeting apps like Mint, YNAB (You Need A Budget), and PocketGuard can track spending, help set financial goals, and send alerts for upcoming bills. Most banks offer online banking services that enable users to manage their accounts, transfer funds, pay bills, and monitor transactions from their computers or mobile devices. Apps like Expensify and Shoeboxed help families keep track of their expenses by scanning and organizing receipts. These tools are particularly useful for managing business expenses and preparing for tax season. Tools like Debt Payoff Planner and Tally help families create plans to pay off their debts. These apps provide strategies for reducing debt, tracking progress, and staying motivated. By incorporating these digital financial tools into their financial management practices, families can gain better control over their finances, make informed decisions, and work towards achieving their financial goals.\n\nAs mentioned above, if you have children, it’s important that they have a handle on their finances too, no matter their age. Teaching financial literacy early on can go a long way in helping them when they need to manage their own money or step in to help manage yours.\n\nHaving an open discussion, organizing all financial assets, creating a financial plan, and sharing that plan with family members will help alleviate any issues that arise when unforeseen events occur, or circumstances change. The team at Wealthspire Advisors can provide advice to get you and your family organized and help facilitate these important discussions. [Contact us](https:\/\/www.wealthspire.com\/contact\/ \"Contact\") today to find out how we can help.\n\n*Wealthspire Advisors LLC, Fiducient Advisors LLC, Wealthspire Retirement, LLC dba Wealthspire Retirement Advisory, and certain other affiliates are separately registered investment advisers. © 2025 Wealthspire Advisors*\n\n***Please Note: Limitations.** The achievement of any professional designation, certification, degree, or license, recognition by publications, media, or other organizations, membership in any professional organization, or any amount of prior experience or success, should not be construed by a client or prospective client as a guarantee that he\/she will experience a certain level of results or satisfaction if Wealthspire is engaged, or continues to be engaged, to provide investment advisory services.*\n\n*Certified Divorce Financial Analyst® or CDFA® professionals must develop their theoretical and practical understanding and knowledge of the financial aspects of divorce by completing a comprehensive course of study approved by the Institute for Divorce Financial Analysts. CDFA® professionals must have two years minimum experience in a financial or legal capacity prior to earning the right to use the CDFA® certification mark.*\n\n*CDS® and Certified Divorce Specialist® are registered trademarks owned by National Association of Divorce Professionals, LLC.*\n\n*This material should not be construed as a recommendation, offer to sell, or solicitation of an offer to buy a particular security or investment strategy. The information provided is for informational purposes only and should not be relied upon for accounting, legal, or tax advice. While the information is deemed reliable, Wealthspire Advisors cannot guarantee its accuracy, completeness, or suitability for any purpose, and makes no warranties with regard to the results to be obtained from its use.*\n\nTopics\n\n- [Charitable Giving](https:\/\/www.wealthspire.com\/blog\/charitable-giving\/ \"Charitable Giving\")\n- [Education Planning](https:\/\/www.wealthspire.com\/blog\/education-planning\/ \"Education Planning\")\n- [Endowments and Foundations](https:\/\/www.wealthspire.com\/blog\/endowments-and-foundations\/ \"Endowments and Foundations\")\n- [Estate Planning](https:\/\/www.wealthspire.com\/blog\/estate-planning\/ \"Estate Planning\")\n- [Family Office](https:\/\/www.wealthspire.com\/blog\/family-office\/ \"Family Office\")\n- [Financial Planning](https:\/\/www.wealthspire.com\/blog\/financial-planning\/ \"Financial Planning\")\n- [In the News](https:\/\/www.wealthspire.com\/tag\/?filterTags=In%20the%20News \"In the News\")\n- [Investing](https:\/\/www.wealthspire.com\/blog\/investing\/ \"Investing\")\n- [Retirement Planning](https:\/\/www.wealthspire.com\/blog\/retirement-planning\/ \"Retirement Planning\")\n- [Tax Planning](https:\/\/www.wealthspire.com\/blog\/tax-planning\/ \"Tax Planning\")\n- [Trending Topics](https:\/\/www.wealthspire.com\/tag\/?filterTags=Trending%20Topics \"Trending Topics\")\n- [Wealth Transitions](https:\/\/www.wealthspire.com\/blog\/wealth-transitions\/ \"Wealth Transitions\")\n\n![Aviva Pinto, CDFA®, CDS®](https:\/\/www.wealthspire.com\/media\/jpjdk1gs\/pinto-aviva_webjpg.png?cc=0,0.022364058510446944,0,0.2633502272038389&width=800&height=800&format=webp&quality=60&v=1daddffd9b99c70)\n\nAbout Aviva Pinto, CDFA®, CDS®\n\nAviva Pinto, CDFA®, CDS is a managing director in our New York office.\n\nView all posts by [Aviva Pinto, CDFA®, CDS®](https:\/\/www.wealthspire.com\/our-team\/aviva-pinto-cdfa-cds\/)\n***\nTopics\n\n- [Charitable Giving](https:\/\/www.wealthspire.com\/blog\/charitable-giving\/ \"Charitable Giving\")\n- [Education Planning](https:\/\/www.wealthspire.com\/blog\/education-planning\/ \"Education Planning\")\n- [Endowments and Foundations](https:\/\/www.wealthspire.com\/blog\/endowments-and-foundations\/ \"Endowments and Foundations\")\n- [Estate Planning](https:\/\/www.wealthspire.com\/blog\/estate-planning\/ \"Estate Planning\")\n- [Family Office](https:\/\/www.wealthspire.com\/blog\/family-office\/ \"Family Office\")\n- [Financial Planning](https:\/\/www.wealthspire.com\/blog\/financial-planning\/ \"Financial Planning\")\n- [In the News](https:\/\/www.wealthspire.com\/tag\/?filterTags=In%20the%20News \"In the News\")\n- [Investing](https:\/\/www.wealthspire.com\/blog\/investing\/ \"Investing\")\n- [Retirement Planning](https:\/\/www.wealthspire.com\/blog\/retirement-planning\/ \"Retirement Planning\")\n- [Tax Planning](https:\/\/www.wealthspire.com\/blog\/tax-planning\/ \"Tax Planning\")\n- [Trending Topics](https:\/\/www.wealthspire.com\/tag\/?filterTags=Trending%20Topics \"Trending Topics\")\n- [Wealth Transitions](https:\/\/www.wealthspire.com\/blog\/wealth-transitions\/ \"Wealth Transitions\")\n\n## Related Content\n[![](https:\/\/www.wealthspire.com\/media\/qtlavgyu\/secure-act-what-you-need-to-know.jpg?width=800&height=450&format=webp&quality=80&v=1daddff604cdd20) March 30, 2026 How the New Trump Accounts for Children Work: What Families Should Know Before Funding One The One Big Beautiful Bill Act (OBBBA) created a new tax-advantaged savings vehicle for children known as a Trump Account (TA). Since the legislation passed, several clients have asked whether they should open one for their children or grandchildren. The short answer: the mechanics are straightforward, but the harder question is whether these accounts improve tools families already have. Below is a breakdown of how Trump Accounts work, how they're taxed, and where they may, or may not, fit into Trending Topics](https:\/\/www.wealthspire.com\/blog\/how-the-new-trump-accounts-for-children-work-what-families-should-know-before-funding-one\/)\n\n[![](https:\/\/www.wealthspire.com\/media\/scwmlvlm\/geography-global-wealth.png?width=800&height=450&format=webp&quality=80&v=1dcbad5cfde6050) March 23, 2026 From Dubai to What Comes Next? The New Geography of Global Wealth Periods of geopolitical stress have a way of clarifying what markets truly value. The current conflict involving Iran—and its direct and indirect implications for Gulf security—has introduced a new and more immediate layer of uncertainty across the region. While the situation remains fluid, its effects are already being felt where it matters most: in the perception of risk among globally mobile capital. For Dubai, this moment is particularly significant. Over the past decade, the emirate has es Financial Planning](https:\/\/www.wealthspire.com\/blog\/from-dubai-to-what-comes-next-the-new-geography-of-global-wealth\/)\n\n[![](https:\/\/www.wealthspire.com\/media\/2jpjvthr\/blog_qualified_charitable_distributions.jpg?width=800&height=450&format=webp&quality=80&v=1daddffabd9d630) March 17, 2026 Charitable Giving for the High-Net-Worth Individual Charitable giving is an important part of life for many clients. Whether donating money or property, dedicating time and effort, or a combination thereof, giving is a way to promote values and leave a legacy for future generations. Charitable giving can also be a valuable part of the overall financial plan, and understanding some basic ways to give can add significant economic efficiency to benefit the donor and their family for the long-term. The 2017 Tax Cuts and Jobs Act (“TCJA”) and the 202 Charitable Giving Estate Planning Financial Planning Women Investors](https:\/\/www.wealthspire.com\/blog\/charitable-giving-high-net-worth-individual\/)\n\n<https:\/\/www.wealthspire.com\/blog\/what-everyone-should-know-about-family-finances\/>  \n 2026 Copyright \\| All Right Reserved\n\n[![Wealthspire logo](https:\/\/www.wealthspire.com\/media\/lqkdnjh4\/wealthspire-logo.png)](https:\/\/www.wealthspire.com\/ \"Wealthspire\")\n\nWealthspire LLC, Fiducient Advisors LLC, Wealthspire Retirement, LLC dba Wealthspire Retirement Advisory, and certain other affiliates are separately registered investment advisers.\n\n###### Compliance\n- [Terms of Use, Disclaimers, ADV](https:\/\/www.wealthspire.com\/compliance\/ \"Terms of Use, Disclaimers, ADV\")\n- [Privacy Policy](https:\/\/www.wealthspire.com\/media\/bzmpeucr\/wealthspire-advisors-llc-privacy-policy.pdf \"Privacy Policy\")\n- [Awards Disclosures](https:\/\/www.wealthspire.com\/privacy-policy\/awards-disclosures\/ \"Awards Disclosures\")\n- [Form CRS](https:\/\/www.wealthspire.com\/crs\/ \"Form CRS\")\n\n###### Quick Access\n- [Our People](https:\/\/www.wealthspire.com\/our-team\/?filterTags=All%20Advisors \"Our People\")\n- [Contact](https:\/\/www.wealthspire.com\/contact\/ \"Contact\")\n- [News & Resources](https:\/\/www.wealthspire.com\/news-resources\/ \"News & Resources\")\n- [Site Map](https:\/\/www.wealthspire.com\/misc\/site-map\/ \"Site Map\")\n\n© 2026 Wealthspire","attrs_readable_markdown":"Financial Planning\n\nWealth Transitions\n\nBlog\n\nWealth Management, Finance & Investing Blog\n## What Everyone Should Know About Their Family Finances\nFebruary 11, 2025\n\n- [Wealthspire](https:\/\/www.wealthspire.com\/ \"Wealthspire\")\\>\n- [Blog](https:\/\/www.wealthspire.com\/blog\/ \"Blog\")\\>\n- What Everyone Should Know About Their Family Finances\n\nAs financial advisors, we work with many clients who have lost a spouse, gone through a divorce, or are wondering what they should do if something happens to their significant other who has been managing the money and finances. We also work with many people who find themselves in a position of having to manage their parents’ finances. No matter the situation, it’s important for each person to be involved in the family finances – knowing where things are, who to call, and what to do in case an unforeseen event occurs. Maintaining transparency and having candid conversations about finances can also improve a couple’s relationship, as money is the most common thing that couples fight about. Likewise, sitting down with adult children and going over finances can save them a lot of heartache and confusion if they must suddenly take over.\n\nTo get started, couples and families should have answers to the following questions and maintain a detailed record of current information in one easily accessible place:\n\n- What bank(s) do we use?\n- Who is our wealth manager?\n- What does our investment portfolio look like?\n- Do we have a mortgage, and if so, with which company?\n- Do we have insurance? What kind? Who are the providers? What are the annual premiums?\n- What is the status of our estate plan? Do we have a will or trust? Have we appointed Powers of Attorney? Do we have a health care directive? Who is our attorney?\n- Who is our accountant? Who does our taxes?\n- What other assets do we own – cars, boats, vacation homes, artwork, jewelry, etc.? Where are the titles and other documents? Whose name are they in?\n- Where are the important documents – birth certificates, passports, marriage licenses?\n- Where is the login information for all financial accounts?\n  - Make a list of savings and investments (401(k) plans, IRAs, 529 plans, savings accounts, taxable investment accounts).\n- What is the financial position of any business that we own? How is the business structured? Is there a succession plan in place?\n- What income comes in each month?\n  - The paystub from employers is a good place to look, or prior tax returns. If tax returns are not available, you can request a copy from the IRS with [Form 4506](https:\/\/www.irs.gov\/pub\/irs-pdf\/f4506.pdf \"Form 4506\").\n- What is being spent? What is our monthly budget? What bills are due each month?\n  - Look at mortgage payments, car payments, college debt, utility bills, credit card bills, taxes, insurance, any spending on the home, merchandise, and loans.\n- What is our cash flow position?\n\nThe next step would be for the family or couple to put together a financial plan – a road map of where they are and where they are going. So, what information goes into that financial plan?\n\n- Your ages – this will help determine how long the plan will need to last, when you will receive Social Security, when you should apply for Medicare, when you will need to take required minimum distributions from retirement plans, etc.\n- Your household income\n- Do you have dependents?\n- What state you are living in? This will determine taxes.\n- Are you eligible for ex-spouse, widow\/er, or disability benefits?\n- What assets do you have – homes, cars, art, jewelry, insurance policies?\n- What debt do you have – credit card, mortgage, car loan?\n- Will you be getting an inheritance?\n- Will you be selling a business?\n- Do you have stock options?\n- Investments:\n  - How are you currently invested?\n  - How should you be invested?\n  - Are you taking too much risk with your investments?\n  - Do you need to make changes to your investment allocation?\n- Retirement:\n  - If you are not yet retired, when do you plan to retire?\n  - Will you be moving to another state in retirement?\n  - Will you be getting social security? When and how much?\n- Do you need to make changes to the amount you are spending?\n- How long will the money last given the information above?\n- What are your goals? Needs? Wants? Wishes? Will you meet them?\n\nIn recent years, it has also become more convenient than ever to manage your finances with digital tools that are readily available online. These platforms can help with budgeting, tracking investments, and managing accounts, making it easier for families to stay organized and informed. Budgeting apps like Mint, YNAB (You Need A Budget), and PocketGuard can track spending, help set financial goals, and send alerts for upcoming bills. Most banks offer online banking services that enable users to manage their accounts, transfer funds, pay bills, and monitor transactions from their computers or mobile devices. Apps like Expensify and Shoeboxed help families keep track of their expenses by scanning and organizing receipts. These tools are particularly useful for managing business expenses and preparing for tax season. Tools like Debt Payoff Planner and Tally help families create plans to pay off their debts. These apps provide strategies for reducing debt, tracking progress, and staying motivated. By incorporating these digital financial tools into their financial management practices, families can gain better control over their finances, make informed decisions, and work towards achieving their financial goals.\n\nAs mentioned above, if you have children, it’s important that they have a handle on their finances too, no matter their age. Teaching financial literacy early on can go a long way in helping them when they need to manage their own money or step in to help manage yours.\n\nHaving an open discussion, organizing all financial assets, creating a financial plan, and sharing that plan with family members will help alleviate any issues that arise when unforeseen events occur, or circumstances change. The team at Wealthspire Advisors can provide advice to get you and your family organized and help facilitate these important discussions. [Contact us](https:\/\/www.wealthspire.com\/contact\/ \"Contact\") today to find out how we can help.\n\n*Wealthspire Advisors LLC, Fiducient Advisors LLC, Wealthspire Retirement, LLC dba Wealthspire Retirement Advisory, and certain other affiliates are separately registered investment advisers. © 2025 Wealthspire Advisors*\n\n***Please Note: Limitations.** The achievement of any professional designation, certification, degree, or license, recognition by publications, media, or other organizations, membership in any professional organization, or any amount of prior experience or success, should not be construed by a client or prospective client as a guarantee that he\/she will experience a certain level of results or satisfaction if Wealthspire is engaged, or continues to be engaged, to provide investment advisory services.*\n\n*Certified Divorce Financial Analyst® or CDFA® professionals must develop their theoretical and practical understanding and knowledge of the financial aspects of divorce by completing a comprehensive course of study approved by the Institute for Divorce Financial Analysts. CDFA® professionals must have two years minimum experience in a financial or legal capacity prior to earning the right to use the CDFA® certification mark.*\n\n*CDS® and Certified Divorce Specialist® are registered trademarks owned by National Association of Divorce Professionals, LLC.*\n\n*This material should not be construed as a recommendation, offer to sell, or solicitation of an offer to buy a particular security or investment strategy. The information provided is for informational purposes only and should not be relied upon for accounting, legal, or tax advice. While the information is deemed reliable, Wealthspire Advisors cannot guarantee its accuracy, completeness, or suitability for any purpose, and makes no warranties with regard to the results to be obtained from its use.*\n\nTopics\n\n- [Charitable Giving](https:\/\/www.wealthspire.com\/blog\/charitable-giving\/ \"Charitable Giving\")\n- [Education Planning](https:\/\/www.wealthspire.com\/blog\/education-planning\/ \"Education Planning\")\n- [Endowments and Foundations](https:\/\/www.wealthspire.com\/blog\/endowments-and-foundations\/ \"Endowments and Foundations\")\n- [Estate Planning](https:\/\/www.wealthspire.com\/blog\/estate-planning\/ \"Estate Planning\")\n- [Family Office](https:\/\/www.wealthspire.com\/blog\/family-office\/ \"Family Office\")\n- [Financial Planning](https:\/\/www.wealthspire.com\/blog\/financial-planning\/ \"Financial Planning\")\n- [In the News](https:\/\/www.wealthspire.com\/tag\/?filterTags=In%20the%20News \"In the News\")\n- [Investing](https:\/\/www.wealthspire.com\/blog\/investing\/ \"Investing\")\n- [Retirement Planning](https:\/\/www.wealthspire.com\/blog\/retirement-planning\/ \"Retirement Planning\")\n- [Tax Planning](https:\/\/www.wealthspire.com\/blog\/tax-planning\/ \"Tax Planning\")\n- [Trending Topics](https:\/\/www.wealthspire.com\/tag\/?filterTags=Trending%20Topics \"Trending Topics\")\n- [Wealth Transitions](https:\/\/www.wealthspire.com\/blog\/wealth-transitions\/ \"Wealth Transitions\")\n\n![Aviva Pinto, CDFA®, CDS®](https:\/\/www.wealthspire.com\/media\/jpjdk1gs\/pinto-aviva_webjpg.png?cc=0,0.022364058510446944,0,0.2633502272038389&width=800&height=800&format=webp&quality=60&v=1daddffd9b99c70)\n\nAbout Aviva Pinto, CDFA®, CDS®\n\nAviva Pinto, CDFA®, CDS is a managing director in our New York office.\n\nView all posts by [Aviva Pinto, CDFA®, CDS®](https:\/\/www.wealthspire.com\/our-team\/aviva-pinto-cdfa-cds\/)\n\nTopics\n\n- [Charitable Giving](https:\/\/www.wealthspire.com\/blog\/charitable-giving\/ \"Charitable Giving\")\n- [Education Planning](https:\/\/www.wealthspire.com\/blog\/education-planning\/ \"Education Planning\")\n- [Endowments and Foundations](https:\/\/www.wealthspire.com\/blog\/endowments-and-foundations\/ \"Endowments and Foundations\")\n- [Estate Planning](https:\/\/www.wealthspire.com\/blog\/estate-planning\/ \"Estate Planning\")\n- [Family Office](https:\/\/www.wealthspire.com\/blog\/family-office\/ \"Family Office\")\n- [Financial Planning](https:\/\/www.wealthspire.com\/blog\/financial-planning\/ \"Financial Planning\")\n- [In the News](https:\/\/www.wealthspire.com\/tag\/?filterTags=In%20the%20News \"In the News\")\n- [Investing](https:\/\/www.wealthspire.com\/blog\/investing\/ \"Investing\")\n- [Retirement Planning](https:\/\/www.wealthspire.com\/blog\/retirement-planning\/ \"Retirement Planning\")\n- [Tax Planning](https:\/\/www.wealthspire.com\/blog\/tax-planning\/ \"Tax Planning\")\n- [Trending Topics](https:\/\/www.wealthspire.com\/tag\/?filterTags=Trending%20Topics \"Trending Topics\")\n- [Wealth Transitions](https:\/\/www.wealthspire.com\/blog\/wealth-transitions\/ \"Wealth Transitions\")\n\nRelated Content","meta_canonical":null}

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Boilerpipe Text	Financial Planning Wealth Transitions Blog Wealth Management, Finance & Investing Blog What Everyone Should Know About Their Family Finances February 11, 2025 Wealthspire > Blog > What Everyone Should Know About Their Family Finances As financial advisors, we work with many clients who have lost a spouse, gone through a divorce, or are wondering what they should do if something happens to their significant other who has been managing the money and finances. We also work with many people who find themselves in a position of having to manage their parents’ finances. No matter the situation, it’s important for each person to be involved in the family finances – knowing where things are, who to call, and what to do in case an unforeseen event occurs. Maintaining transparency and having candid conversations about finances can also improve a couple’s relationship, as money is the most common thing that couples fight about. Likewise, sitting down with adult children and going over finances can save them a lot of heartache and confusion if they must suddenly take over. To get started, couples and families should have answers to the following questions and maintain a detailed record of current information in one easily accessible place: What bank(s) do we use? Who is our wealth manager? What does our investment portfolio look like? Do we have a mortgage, and if so, with which company? Do we have insurance? What kind? Who are the providers? What are the annual premiums? What is the status of our estate plan? Do we have a will or trust? Have we appointed Powers of Attorney? Do we have a health care directive? Who is our attorney? Who is our accountant? Who does our taxes? What other assets do we own – cars, boats, vacation homes, artwork, jewelry, etc.? Where are the titles and other documents? Whose name are they in? Where are the important documents – birth certificates, passports, marriage licenses? Where is the login information for all financial accounts? Make a list of savings and investments (401(k) plans, IRAs, 529 plans, savings accounts, taxable investment accounts). What is the financial position of any business that we own? How is the business structured? Is there a succession plan in place? What income comes in each month? The paystub from employers is a good place to look, or prior tax returns. If tax returns are not available, you can request a copy from the IRS with Form 4506 . What is being spent? What is our monthly budget? What bills are due each month? Look at mortgage payments, car payments, college debt, utility bills, credit card bills, taxes, insurance, any spending on the home, merchandise, and loans. What is our cash flow position? The next step would be for the family or couple to put together a financial plan – a road map of where they are and where they are going. So, what information goes into that financial plan? Your ages – this will help determine how long the plan will need to last, when you will receive Social Security, when you should apply for Medicare, when you will need to take required minimum distributions from retirement plans, etc. Your household income Do you have dependents? What state you are living in? This will determine taxes. Are you eligible for ex-spouse, widow/er, or disability benefits? What assets do you have – homes, cars, art, jewelry, insurance policies? What debt do you have – credit card, mortgage, car loan? Will you be getting an inheritance? Will you be selling a business? Do you have stock options? Investments: How are you currently invested? How should you be invested? Are you taking too much risk with your investments? Do you need to make changes to your investment allocation? Retirement: If you are not yet retired, when do you plan to retire? Will you be moving to another state in retirement? Will you be getting social security? When and how much? Do you need to make changes to the amount you are spending? How long will the money last given the information above? What are your goals? Needs? Wants? Wishes? Will you meet them? In recent years, it has also become more convenient than ever to manage your finances with digital tools that are readily available online. These platforms can help with budgeting, tracking investments, and managing accounts, making it easier for families to stay organized and informed. Budgeting apps like Mint, YNAB (You Need A Budget), and PocketGuard can track spending, help set financial goals, and send alerts for upcoming bills. Most banks offer online banking services that enable users to manage their accounts, transfer funds, pay bills, and monitor transactions from their computers or mobile devices. Apps like Expensify and Shoeboxed help families keep track of their expenses by scanning and organizing receipts. These tools are particularly useful for managing business expenses and preparing for tax season. Tools like Debt Payoff Planner and Tally help families create plans to pay off their debts. These apps provide strategies for reducing debt, tracking progress, and staying motivated. By incorporating these digital financial tools into their financial management practices, families can gain better control over their finances, make informed decisions, and work towards achieving their financial goals. As mentioned above, if you have children, it’s important that they have a handle on their finances too, no matter their age. Teaching financial literacy early on can go a long way in helping them when they need to manage their own money or step in to help manage yours. Having an open discussion, organizing all financial assets, creating a financial plan, and sharing that plan with family members will help alleviate any issues that arise when unforeseen events occur, or circumstances change. The team at Wealthspire Advisors can provide advice to get you and your family organized and help facilitate these important discussions. Contact us today to find out how we can help. Wealthspire Advisors LLC, Fiducient Advisors LLC, Wealthspire Retirement, LLC dba Wealthspire Retirement Advisory, and certain other affiliates are separately registered investment advisers. © 2025 Wealthspire Advisors Please Note: Limitations. The achievement of any professional designation, certification, degree, or license, recognition by publications, media, or other organizations, membership in any professional organization, or any amount of prior experience or success, should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results or satisfaction if Wealthspire is engaged, or continues to be engaged, to provide investment advisory services. Certified Divorce Financial Analyst® or CDFA® professionals must develop their theoretical and practical understanding and knowledge of the financial aspects of divorce by completing a comprehensive course of study approved by the Institute for Divorce Financial Analysts. CDFA® professionals must have two years minimum experience in a financial or legal capacity prior to earning the right to use the CDFA® certification mark. CDS® and Certified Divorce Specialist® are registered trademarks owned by National Association of Divorce Professionals, LLC. This material should not be construed as a recommendation, offer to sell, or solicitation of an offer to buy a particular security or investment strategy. The information provided is for informational purposes only and should not be relied upon for accounting, legal, or tax advice. While the information is deemed reliable, Wealthspire Advisors cannot guarantee its accuracy, completeness, or suitability for any purpose, and makes no warranties with regard to the results to be obtained from its use. Topics Charitable Giving Education Planning Endowments and Foundations Estate Planning Family Office Financial Planning In the News Investing Retirement Planning Tax Planning Trending Topics Wealth Transitions About Aviva Pinto, CDFA®, CDS® Aviva Pinto, CDFA®, CDS is a managing director in our New York office. View all posts by Aviva Pinto, CDFA®, CDS® Topics Charitable Giving Education Planning Endowments and Foundations Estate Planning Family Office Financial Planning In the News Investing Retirement Planning Tax Planning Trending Topics Wealth Transitions Related Content
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[Blog](https://www.wealthspire.com/blog/ "Blog")\> - What Everyone Should Know About Their Family Finances Share As financial advisors, we work with many clients who have lost a spouse, gone through a divorce, or are wondering what they should do if something happens to their significant other who has been managing the money and finances. We also work with many people who find themselves in a position of having to manage their parents’ finances. No matter the situation, it’s important for each person to be involved in the family finances – knowing where things are, who to call, and what to do in case an unforeseen event occurs. Maintaining transparency and having candid conversations about finances can also improve a couple’s relationship, as money is the most common thing that couples fight about. Likewise, sitting down with adult children and going over finances can save them a lot of heartache and confusion if they must suddenly take over. To get started, couples and families should have answers to the following questions and maintain a detailed record of current information in one easily accessible place: - What bank(s) do we use? - Who is our wealth manager? - What does our investment portfolio look like? - Do we have a mortgage, and if so, with which company? - Do we have insurance? What kind? Who are the providers? What are the annual premiums? - What is the status of our estate plan? Do we have a will or trust? Have we appointed Powers of Attorney? Do we have a health care directive? Who is our attorney? - Who is our accountant? Who does our taxes? - What other assets do we own – cars, boats, vacation homes, artwork, jewelry, etc.? Where are the titles and other documents? Whose name are they in? - Where are the important documents – birth certificates, passports, marriage licenses? - Where is the login information for all financial accounts? - Make a list of savings and investments (401(k) plans, IRAs, 529 plans, savings accounts, taxable investment accounts). - What is the financial position of any business that we own? How is the business structured? Is there a succession plan in place? - What income comes in each month? - The paystub from employers is a good place to look, or prior tax returns. If tax returns are not available, you can request a copy from the IRS with [Form 4506](https://www.irs.gov/pub/irs-pdf/f4506.pdf "Form 4506"). - What is being spent? What is our monthly budget? What bills are due each month? - Look at mortgage payments, car payments, college debt, utility bills, credit card bills, taxes, insurance, any spending on the home, merchandise, and loans. - What is our cash flow position? The next step would be for the family or couple to put together a financial plan – a road map of where they are and where they are going. So, what information goes into that financial plan? - Your ages – this will help determine how long the plan will need to last, when you will receive Social Security, when you should apply for Medicare, when you will need to take required minimum distributions from retirement plans, etc. - Your household income - Do you have dependents? - What state you are living in? This will determine taxes. - Are you eligible for ex-spouse, widow/er, or disability benefits? - What assets do you have – homes, cars, art, jewelry, insurance policies? - What debt do you have – credit card, mortgage, car loan? - Will you be getting an inheritance? - Will you be selling a business? - Do you have stock options? - Investments: - How are you currently invested? - How should you be invested? - Are you taking too much risk with your investments? - Do you need to make changes to your investment allocation? - Retirement: - If you are not yet retired, when do you plan to retire? - Will you be moving to another state in retirement? - Will you be getting social security? When and how much? - Do you need to make changes to the amount you are spending? - How long will the money last given the information above? - What are your goals? Needs? Wants? Wishes? Will you meet them? In recent years, it has also become more convenient than ever to manage your finances with digital tools that are readily available online. These platforms can help with budgeting, tracking investments, and managing accounts, making it easier for families to stay organized and informed. Budgeting apps like Mint, YNAB (You Need A Budget), and PocketGuard can track spending, help set financial goals, and send alerts for upcoming bills. Most banks offer online banking services that enable users to manage their accounts, transfer funds, pay bills, and monitor transactions from their computers or mobile devices. Apps like Expensify and Shoeboxed help families keep track of their expenses by scanning and organizing receipts. These tools are particularly useful for managing business expenses and preparing for tax season. Tools like Debt Payoff Planner and Tally help families create plans to pay off their debts. These apps provide strategies for reducing debt, tracking progress, and staying motivated. By incorporating these digital financial tools into their financial management practices, families can gain better control over their finances, make informed decisions, and work towards achieving their financial goals. As mentioned above, if you have children, it’s important that they have a handle on their finances too, no matter their age. Teaching financial literacy early on can go a long way in helping them when they need to manage their own money or step in to help manage yours. Having an open discussion, organizing all financial assets, creating a financial plan, and sharing that plan with family members will help alleviate any issues that arise when unforeseen events occur, or circumstances change. The team at Wealthspire Advisors can provide advice to get you and your family organized and help facilitate these important discussions. [Contact us](https://www.wealthspire.com/contact/ "Contact") today to find out how we can help. Wealthspire Advisors LLC, Fiducient Advisors LLC, Wealthspire Retirement, LLC dba Wealthspire Retirement Advisory, and certain other affiliates are separately registered investment advisers. © 2025 Wealthspire Advisors *Please Note: Limitations. The achievement of any professional designation, certification, degree, or license, recognition by publications, media, or other organizations, membership in any professional organization, or any amount of prior experience or success, should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results or satisfaction if Wealthspire is engaged, or continues to be engaged, to provide investment advisory services.* Certified Divorce Financial Analyst® or CDFA® professionals must develop their theoretical and practical understanding and knowledge of the financial aspects of divorce by completing a comprehensive course of study approved by the Institute for Divorce Financial Analysts. CDFA® professionals must have two years minimum experience in a financial or legal capacity prior to earning the right to use the CDFA® certification mark. CDS® and Certified Divorce Specialist® are registered trademarks owned by National Association of Divorce Professionals, LLC. This material should not be construed as a recommendation, offer to sell, or solicitation of an offer to buy a particular security or investment strategy. The information provided is for informational purposes only and should not be relied upon for accounting, legal, or tax advice. While the information is deemed reliable, Wealthspire Advisors cannot guarantee its accuracy, completeness, or suitability for any purpose, and makes no warranties with regard to the results to be obtained from its use. 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View all posts by [Aviva Pinto, CDFA®, CDS®](https://www.wealthspire.com/our-team/aviva-pinto-cdfa-cds/) *** Topics - [Charitable Giving](https://www.wealthspire.com/blog/charitable-giving/ "Charitable Giving") - [Education Planning](https://www.wealthspire.com/blog/education-planning/ "Education Planning") - [Endowments and Foundations](https://www.wealthspire.com/blog/endowments-and-foundations/ "Endowments and Foundations") - [Estate Planning](https://www.wealthspire.com/blog/estate-planning/ "Estate Planning") - [Family Office](https://www.wealthspire.com/blog/family-office/ "Family Office") - [Financial Planning](https://www.wealthspire.com/blog/financial-planning/ "Financial Planning") - [In the News](https://www.wealthspire.com/tag/?filterTags=In%20the%20News "In the News") - [Investing](https://www.wealthspire.com/blog/investing/ "Investing") - [Retirement Planning](https://www.wealthspire.com/blog/retirement-planning/ "Retirement Planning") - [Tax Planning](https://www.wealthspire.com/blog/tax-planning/ "Tax Planning") - [Trending Topics](https://www.wealthspire.com/tag/?filterTags=Trending%20Topics "Trending Topics") - [Wealth Transitions](https://www.wealthspire.com/blog/wealth-transitions/ "Wealth Transitions") ## Related Content [![](https://www.wealthspire.com/media/qtlavgyu/secure-act-what-you-need-to-know.jpg?width=800&height=450&format=webp&quality=80&v=1daddff604cdd20) March 30, 2026 How the New Trump Accounts for Children Work: What Families Should Know Before Funding One The One Big Beautiful Bill Act (OBBBA) created a new tax-advantaged savings vehicle for children known as a Trump Account (TA). Since the legislation passed, several clients have asked whether they should open one for their children or grandchildren. The short answer: the mechanics are straightforward, but the harder question is whether these accounts improve tools families already have. Below is a breakdown of how Trump Accounts work, how they're taxed, and where they may, or may not, fit into Trending Topics](https://www.wealthspire.com/blog/how-the-new-trump-accounts-for-children-work-what-families-should-know-before-funding-one/) [![](https://www.wealthspire.com/media/scwmlvlm/geography-global-wealth.png?width=800&height=450&format=webp&quality=80&v=1dcbad5cfde6050) March 23, 2026 From Dubai to What Comes Next? The New Geography of Global Wealth Periods of geopolitical stress have a way of clarifying what markets truly value. The current conflict involving Iran—and its direct and indirect implications for Gulf security—has introduced a new and more immediate layer of uncertainty across the region. While the situation remains fluid, its effects are already being felt where it matters most: in the perception of risk among globally mobile capital. For Dubai, this moment is particularly significant. Over the past decade, the emirate has es Financial Planning](https://www.wealthspire.com/blog/from-dubai-to-what-comes-next-the-new-geography-of-global-wealth/) [![](https://www.wealthspire.com/media/2jpjvthr/blog_qualified_charitable_distributions.jpg?width=800&height=450&format=webp&quality=80&v=1daddffabd9d630) March 17, 2026 Charitable Giving for the High-Net-Worth Individual Charitable giving is an important part of life for many clients. Whether donating money or property, dedicating time and effort, or a combination thereof, giving is a way to promote values and leave a legacy for future generations. Charitable giving can also be a valuable part of the overall financial plan, and understanding some basic ways to give can add significant economic efficiency to benefit the donor and their family for the long-term. 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Readable Markdown	Financial Planning Wealth Transitions Blog Wealth Management, Finance & Investing Blog ## What Everyone Should Know About Their Family Finances February 11, 2025 - [Wealthspire](https://www.wealthspire.com/ "Wealthspire")\> - [Blog](https://www.wealthspire.com/blog/ "Blog")\> - What Everyone Should Know About Their Family Finances As financial advisors, we work with many clients who have lost a spouse, gone through a divorce, or are wondering what they should do if something happens to their significant other who has been managing the money and finances. We also work with many people who find themselves in a position of having to manage their parents’ finances. No matter the situation, it’s important for each person to be involved in the family finances – knowing where things are, who to call, and what to do in case an unforeseen event occurs. Maintaining transparency and having candid conversations about finances can also improve a couple’s relationship, as money is the most common thing that couples fight about. Likewise, sitting down with adult children and going over finances can save them a lot of heartache and confusion if they must suddenly take over. To get started, couples and families should have answers to the following questions and maintain a detailed record of current information in one easily accessible place: - What bank(s) do we use? - Who is our wealth manager? - What does our investment portfolio look like? - Do we have a mortgage, and if so, with which company? - Do we have insurance? What kind? Who are the providers? What are the annual premiums? - What is the status of our estate plan? Do we have a will or trust? Have we appointed Powers of Attorney? Do we have a health care directive? Who is our attorney? - Who is our accountant? Who does our taxes? - What other assets do we own – cars, boats, vacation homes, artwork, jewelry, etc.? Where are the titles and other documents? Whose name are they in? - Where are the important documents – birth certificates, passports, marriage licenses? - Where is the login information for all financial accounts? - Make a list of savings and investments (401(k) plans, IRAs, 529 plans, savings accounts, taxable investment accounts). - What is the financial position of any business that we own? How is the business structured? Is there a succession plan in place? - What income comes in each month? - The paystub from employers is a good place to look, or prior tax returns. If tax returns are not available, you can request a copy from the IRS with [Form 4506](https://www.irs.gov/pub/irs-pdf/f4506.pdf "Form 4506"). - What is being spent? What is our monthly budget? What bills are due each month? - Look at mortgage payments, car payments, college debt, utility bills, credit card bills, taxes, insurance, any spending on the home, merchandise, and loans. - What is our cash flow position? The next step would be for the family or couple to put together a financial plan – a road map of where they are and where they are going. So, what information goes into that financial plan? - Your ages – this will help determine how long the plan will need to last, when you will receive Social Security, when you should apply for Medicare, when you will need to take required minimum distributions from retirement plans, etc. - Your household income - Do you have dependents? - What state you are living in? This will determine taxes. - Are you eligible for ex-spouse, widow/er, or disability benefits? - What assets do you have – homes, cars, art, jewelry, insurance policies? - What debt do you have – credit card, mortgage, car loan? - Will you be getting an inheritance? - Will you be selling a business? - Do you have stock options? - Investments: - How are you currently invested? - How should you be invested? - Are you taking too much risk with your investments? - Do you need to make changes to your investment allocation? - Retirement: - If you are not yet retired, when do you plan to retire? - Will you be moving to another state in retirement? - Will you be getting social security? When and how much? - Do you need to make changes to the amount you are spending? - How long will the money last given the information above? - What are your goals? Needs? Wants? Wishes? Will you meet them? In recent years, it has also become more convenient than ever to manage your finances with digital tools that are readily available online. These platforms can help with budgeting, tracking investments, and managing accounts, making it easier for families to stay organized and informed. Budgeting apps like Mint, YNAB (You Need A Budget), and PocketGuard can track spending, help set financial goals, and send alerts for upcoming bills. Most banks offer online banking services that enable users to manage their accounts, transfer funds, pay bills, and monitor transactions from their computers or mobile devices. Apps like Expensify and Shoeboxed help families keep track of their expenses by scanning and organizing receipts. These tools are particularly useful for managing business expenses and preparing for tax season. Tools like Debt Payoff Planner and Tally help families create plans to pay off their debts. These apps provide strategies for reducing debt, tracking progress, and staying motivated. By incorporating these digital financial tools into their financial management practices, families can gain better control over their finances, make informed decisions, and work towards achieving their financial goals. As mentioned above, if you have children, it’s important that they have a handle on their finances too, no matter their age. Teaching financial literacy early on can go a long way in helping them when they need to manage their own money or step in to help manage yours. Having an open discussion, organizing all financial assets, creating a financial plan, and sharing that plan with family members will help alleviate any issues that arise when unforeseen events occur, or circumstances change. The team at Wealthspire Advisors can provide advice to get you and your family organized and help facilitate these important discussions. [Contact us](https://www.wealthspire.com/contact/ "Contact") today to find out how we can help. Wealthspire Advisors LLC, Fiducient Advisors LLC, Wealthspire Retirement, LLC dba Wealthspire Retirement Advisory, and certain other affiliates are separately registered investment advisers. © 2025 Wealthspire Advisors *Please Note: Limitations. The achievement of any professional designation, certification, degree, or license, recognition by publications, media, or other organizations, membership in any professional organization, or any amount of prior experience or success, should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results or satisfaction if Wealthspire is engaged, or continues to be engaged, to provide investment advisory services.* Certified Divorce Financial Analyst® or CDFA® professionals must develop their theoretical and practical understanding and knowledge of the financial aspects of divorce by completing a comprehensive course of study approved by the Institute for Divorce Financial Analysts. CDFA® professionals must have two years minimum experience in a financial or legal capacity prior to earning the right to use the CDFA® certification mark. CDS® and Certified Divorce Specialist® are registered trademarks owned by National Association of Divorce Professionals, LLC. This material should not be construed as a recommendation, offer to sell, or solicitation of an offer to buy a particular security or investment strategy. The information provided is for informational purposes only and should not be relied upon for accounting, legal, or tax advice. While the information is deemed reliable, Wealthspire Advisors cannot guarantee its accuracy, completeness, or suitability for any purpose, and makes no warranties with regard to the results to be obtained from its use. Topics - [Charitable Giving](https://www.wealthspire.com/blog/charitable-giving/ "Charitable Giving") - [Education Planning](https://www.wealthspire.com/blog/education-planning/ "Education Planning") - [Endowments and Foundations](https://www.wealthspire.com/blog/endowments-and-foundations/ "Endowments and Foundations") - [Estate Planning](https://www.wealthspire.com/blog/estate-planning/ "Estate Planning") - [Family Office](https://www.wealthspire.com/blog/family-office/ "Family Office") - [Financial Planning](https://www.wealthspire.com/blog/financial-planning/ "Financial Planning") - [In the News](https://www.wealthspire.com/tag/?filterTags=In%20the%20News "In the News") - [Investing](https://www.wealthspire.com/blog/investing/ "Investing") - [Retirement Planning](https://www.wealthspire.com/blog/retirement-planning/ "Retirement Planning") - [Tax Planning](https://www.wealthspire.com/blog/tax-planning/ "Tax Planning") - [Trending Topics](https://www.wealthspire.com/tag/?filterTags=Trending%20Topics "Trending Topics") - [Wealth Transitions](https://www.wealthspire.com/blog/wealth-transitions/ "Wealth Transitions") ![Aviva Pinto, CDFA®, CDS®](https://www.wealthspire.com/media/jpjdk1gs/pinto-aviva_webjpg.png?cc=0,0.022364058510446944,0,0.2633502272038389&width=800&height=800&format=webp&quality=60&v=1daddffd9b99c70) About Aviva Pinto, CDFA®, CDS® Aviva Pinto, CDFA®, CDS is a managing director in our New York office. View all posts by [Aviva Pinto, CDFA®, CDS®](https://www.wealthspire.com/our-team/aviva-pinto-cdfa-cds/) Topics - [Charitable Giving](https://www.wealthspire.com/blog/charitable-giving/ "Charitable Giving") - [Education Planning](https://www.wealthspire.com/blog/education-planning/ "Education Planning") - [Endowments and Foundations](https://www.wealthspire.com/blog/endowments-and-foundations/ "Endowments and Foundations") - [Estate Planning](https://www.wealthspire.com/blog/estate-planning/ "Estate Planning") - [Family Office](https://www.wealthspire.com/blog/family-office/ "Family Office") - [Financial Planning](https://www.wealthspire.com/blog/financial-planning/ "Financial Planning") - [In the News](https://www.wealthspire.com/tag/?filterTags=In%20the%20News "In the News") - [Investing](https://www.wealthspire.com/blog/investing/ "Investing") - [Retirement Planning](https://www.wealthspire.com/blog/retirement-planning/ "Retirement Planning") - [Tax Planning](https://www.wealthspire.com/blog/tax-planning/ "Tax Planning") - [Trending Topics](https://www.wealthspire.com/tag/?filterTags=Trending%20Topics "Trending Topics") - [Wealth Transitions](https://www.wealthspire.com/blog/wealth-transitions/ "Wealth Transitions") Related Content
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