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The story of Ralph Hendry and his spouse, Kathy Brandel, is a grim reminder of the likelihood that some purchasers merely vanish.
Hendry was the founding father of Potomac Wealth Administration in Washington. He and his spouse disappeared whereas yachting close to Grenada final week and are presumed lifeless. Officers in Grenada have recommended that three escaped prisoners might need killed the couple and thrown them overboard.
Previously, different folks with the sources to develop and fund complete monetary plans have disappeared because of crimes, earthquakes, hurricanes and different private and pure disasters.
A number of the purchasers is perhaps lacking briefly, attributable to considerations comparable to communications disruptions, and people purchasers want to have the ability to get again to regular rapidly as soon as they floor.
In different circumstances, the purchasers are lifeless. Getting the courts to declare that the purchasers are lifeless and have entry to life insurance coverage advantages could take years.
The sons of Hendry and Brandel have began a GoFundMe fundraising marketing campaign to deal with the pressing bills related to the sudden disappearance of their dad and mom.
You might have helped purchasers plan for untimely demise, incapacity, retirement revenue wants and long-term care wants. Your purchasers would possibly even have kidnapping advantages hidden someplace in a journey insurance coverage coverage. How will you assist purchasers and their households plan for disappearance danger?
Holly Geerdes, the founding legal professional at Property Regulation Middle USA, has addressed that matter in response to hurricanes. For 5 planning concepts, primarily based on Geerdes’ recommendation, see the gallery above.
Credit score: Shutterstock
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