244: The Business of Death: After Loss C...

There are few things in life that we will all inevitably experience, and losing a loved one is, unfortunately, one of them.

When that time comes, you should have just one thing to do: Grieve.

But if you’re an executor with an estate to settle, there’s a good chance you won’t have the chance to deal with your grief until you’ve crossed the t’s and dotted the i’s, which can turn into a year-long, part-time job. (That is very much unpaid.)

That’s why I brought Rachel Donnelly, founder of AfterLight Consulting onto the Love, your Money Podcast to talk about navigating the unavoidable logistics of what she calls “the business of death.”

Rachel was thrust into settling the estates of two family members while raising two young children and working full time, which helped her quickly identify both the toll it can take on individuals as well as the gaping hole in the market for services that help ease the burden on grieving loved ones.

Whether you’re the executor of a friend or family member’s will or planning your own estate, tune into today’s episode to learn what you need to consider so you can rest assured that your loved ones are taken care of.   

Here’s what you’ll learn in this week’s episode of Love, your Money:

• The personal stories that led Rachel to a career in after loss consulting
• Rachel’s “MDA”, and the growth of the after loss consulting industry
• What an after loss consultant does and doesn’t do  
• The Wild West situation that is digital assets, and recommendations for what to do in the digital realm before and after death 
• The one thing all after loss consultants will scream from the highest of mountains
• The best time to initiate an engagement with an after loss consultant
• Approximate duration and costs when hiring an after loss consultant
• Where Rachel recommends starting in your own estate planning (today)
• The top two things you should do right now if you've got an 18-year old leaving the nest 

Show Notes
To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/rachel-donnelly

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Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.