The story of Ralph Hendry and his spouse, Kathy Brandel, is a grim reminder of the chance that some shoppers 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 useless. Officers in Grenada have prompt that three escaped prisoners may need killed the couple and thrown them overboard.
Previously, different folks with the assets to develop and fund complete monetary plans have disappeared on account of crimes, earthquakes, hurricanes and different private and pure disasters.
Among the shoppers is perhaps lacking quickly, as a result of issues resembling communications disruptions, and people shoppers want to have the ability to get again to regular shortly as soon as they floor.
In different instances, the shoppers are useless. Getting the courts to declare that the shoppers are useless 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 mother and father.
You’ll have helped shoppers plan for untimely loss of life, incapacity, retirement earnings wants and long-term care wants. Your shoppers may even have kidnapping advantages hidden someplace in a journey insurance coverage coverage. How are you going to assist shoppers 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