Solo Aging Case Study
Solo aging. Supporting life’s next stage with purpose.
Name: Diane (name changed for confidentiality)
Age: 68
Marital Status: Not married
Children: None
Financial Situation: Substantial wealth, no clear heirs
Charitable Giving: Currently supports several causes, but has the capacity to give more
Passions: Loves to travel, support friends, and lead an active, fulfilling life
Concerns: Uncertainty around health care, estate planning, and long-term management of life affairs
Diane came to us at Altalune Wealth Advisors with a life full of travel, close friendships, and meaningful experiences. At 68, she had built substantial wealth but, without children and a spouse, she felt uncertain about the future. While she loves being on her own and has amazing friends that support her, she had not yet talked with them about what if something terrible happened. Her biggest worries are about who would care for her if her health declined and who would manage her affairs if she could no longer do so herself. Right now she is pretty sure her best friend would do it, but she’s no spring chicken either. So she feels anxious about her future around that. She is also worried about her dog. How would he be cared for is she couldn’t do it.
Diane is very involved in her community and loves volunteering. She is giving to charities she cares deeply about but thinks she could do more, but worries about giving too much and jeopardizing her own future security. Her giving is usually contributed during charity events or end of year campaigns, and she’s never even considered giving through different vehicles. She has just always thought that large gifts were reserved for rich people.
Through heartfelt conversations, we got to know Diane on a deeper level—her love for life, her generosity, and her desire to leave a lasting impact. Together, we helped her craft a plan that ensured her health and personal care would be managed by a trusted friend, with professional support, if needed. We also worked to amplify her charitable giving, so that her legacy would reflect her values and the love she poured into the world. Her new giving plan also seeks to save her on taxes and address future portfolio appreciation and income distribution needs.
This is a hypothetical situation based on real life examples. Names and circumstances have been changed. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments or strategies may be appropriate for you, consult your advisor prior to investing.