This episode of "The Ascent" features Sam McGee and Alec Walker from Crestmont Private Wealth discussing the development of a "Survivor's Guide" - a comprehensive resource to help surviving spouses navigate financial matters after the death of a partner. They explain how this guide will document critical information like account locations, passwords, key contacts, and financial processes to ease the burden during a difficult time. The conversation emphasizes the importance of preparation and how their firm helps clients through these transitions.

Timeline

[0:00 - 0:37] Introduction & Welcome

Sam McGee returns as host after Alec Walker filled in

Overview of recent content (year-end recaps, law changes, market updates)

[0:37 - 1:36] About Crestmont Private Wealth

Two offices: Houston and Boerne, Texas

Comprehensive wealth management for high net worth individuals

Website: crestmontpw.com

[1:36 - 3:52] Why Create a Survivor's Guide?

Inspired by client meetings and real experiences with bereaved spouses

Addresses both emotional and financial challenges after death

Covers basics like bill paying and account access

[3:52 - 4:48] The Challenge of Financial Transitions

Comparison to being handed keys to someone else's company

Family finances as an operating business with assets, liabilities, and cash flows

[4:48 - 6:39] What's Included in the Guide

Living document separate from estate plans

Key contacts (advisors, attorneys, CPAs, executors)

Account locations and access information

Documentation of all financial moving pieces

[6:39 - 8:11] Reducing Stress During Grief

 

Allows families to focus on grieving and funeral arrangements

Eases burden of managing bills and accounts during difficult times

Documents the "mental load" for both spouses

[8:11 - 9:27] E-Money Portal & Digital Vault

Centralized location for account information

Secure vault for private and shared documents

Storage location for the Survivor's Guide

[9:27 - 11:01] Digital Life Management

Importance of password access and device management

Social media and digital accounts

Password keeper setup with emergency access

[11:01 - 12:50] What Happens When a Client Dies

Notification process with custodian (Charles Schwab)

Coordination with family through required steps

Handling death certificates, trust documents, and account transitions

[12:50 - 13:22] Closing Thoughts

Emphasis on preparation: "not if, but when"

Encouragement to be well-prepared for family's sake

Original Air Date: February 7, 2026 at 8:30am as heard on Boerne Radio 103.9FM

Contact:  www.crestmontpw.com 

Alec Walker in Houston:  831-280-5288 

Sam McGee in Boerne: 830-368-2898

 

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