Finding Your Financial Footing After a Major Life Change
“The two most powerful warriors are patience and time.” — Leo Tolstoy
Key Steps to Take:
Take time before making big financial decisions
Gather your important documents and accounts
Understand your income, expenses, and cash flow
Review beneficiaries and estate documents
Build a team of trusted professionals
Create a clear plan for your next chapter
When life changes suddenly—whether through the loss of a loved one, a divorce or another major life event—it can feel like the ground has shifted beneath you. In those moments, it’s important to take things one step at a time.
At Ebersole Financial, we remind clients that not every decision needs to be made right away. Give yourself grace and time to regain your footing before acting.
Begin by gathering key documents: wills, account statements, insurance policies, property records, and Social Security information. Having these items organized helps bring clarity when so much feels uncertain.
Next, take a careful look at your financial picture. What money is coming in? What expenses continue? Understanding your cash flow helps you make informed choices and protects your peace of mind. In a a perfect world, you would have had these conversations in the past, so there would be no surprises. But, life doesn't always work that way.
Once you have a clear view, review the beneficiaries on retirement plans, insurance, and investment accounts. Confirm that your estate documents—like your will or trust—still reflect your wishes. For those moving forward after divorce, financial expert Jean Chatzky reminds us, “Divorce is not just the end of a relationship—it’s a financial reset.” Use this time to make sure everything aligns with your new circumstances and new goals.
Most importantly, surround yourself with people who can guide and support you. A trusted financial advisor, estate attorney, and accountant can help you make decisions that serve your long-term goals—not just your immediate needs.
While this period may feel uncertain, it can also mark the start of a new, confident chapter. With the right plan and support, you can move forward knowing your financial life is aligned with your values, priorities, and future. And while all endings are sad, they provide an opportunity to reflect, reset and start anew. As C.S. Lewis said, "You can’t go back and change the beginning, but you can start where you are and change the ending.”