Getting THE CALL!!!

PART 1
A Guide for Financial CaretakersManage the chaos from a position of
strength and strategy
For me, becoming an investment advisor was a calling rather than a career choice. The
defining moments which set me on this path evolved from being the only child of two
parents who within four years faced terminal illnesses. I took on the shared and then the
primary responsibility of ensuring that my parents financial resources were put to use
for their care and after their passing, the legacy which they wanted to inspire in others
through their financial and memorial contributions.

Strategies had been put in place working with financial professionals that our family was
fortunate to have a long standing relationship. Looking back, I see the tremendous
advantage that we had by discussing and acting on these inevitable, yet intimidating,
topics. So many of us are put in the position of an financial onsite fire
chief/investigatorbeing called in when an emergency situation occurs and having to
not only manage the immediate chaos, but then determine what the course of action is
going to be as a roadmap of a trusted persons life is being redrawn.
This outline of strategies, tactics, and supportive measures is going to be laid out of the
course of several articles such as this one. Lets begin with these:

As you receive the initial communication about what has happened to the
injured party, engage in a calm fact finding mission. This should take place in a
review and strategy format. Review any past communication that will allow you to
quickly locate important sources of financial information. Externally, the caretaker
 should find out as much about the cognitive awareness of the injured party. This
will create a picture of what areas the caretaker may be responsible for
managing. Remember that the Financial Caretakers role is a fluid one, subject to
ongoing evolution and development.

You should also consider the level of control that you will have to have in order to
direct resources to maintain the highest quality of life for the individual in your
care. Depending on the situation as well as state rules and guidelines, this may
require at some point the choice of working with a new or existing Durable
Power of Attorney (POA) and/or establishing a Guardianship and
Conservatorship.

Information that the Caretaker should gain immediate access over...Social

Security Numbers, POA (Power of Attorney) documents, a listing of financial
assets, liabilities, and income sources. Protection of this information is crucial
and should be managed on a need to know basis. Making use of account
aggregation software as well as a financial lockbox service is a phenomenal
preemptive action which will make the initial shock period of determining
availability of resources far more effective.

Run a credit report to determine overall financial position, confirm the status of
financial assets, and ensure that you are in a position to leverage maximum
benefits of the persons credit score for future purchases and services .

Consider strongly putting Identity Theft Protection in place. Not only is Identity
Theft is one of the fasting growing crimes in todays society, it can often take
years of financial control away while trying to repair the damage. Financial
Control is the name of the game for you as CaretakerDo not leave doors
unnecessarily open to such a horrifying violation and setbacks!!!

Once assets, revenues and financial commitments of the injured party have been
identified, the Caretaker should undertake an analysis to determine if the current
structure of financial asset allocation will meet current and additional financial
commitments. Be aware that new financial commitments will likely be created
(i.e. healthcare expenses, property maintenance, As Caretaker, your goal should
be to create a balance between the financial goals of the injured party which
existed before the injury and financial responsibilities created by the event. New
responsibilities should be categorized into one time and ongoing).
The four major concepts that I use in my practice to help clients develop a
business plan for life can be adapted for management of financial resources
when you are a caretaker. They should all work simultaneously, however there
will be times that one element make take the lead. Remember to work toward
maintaining a balance.
 Employ these concepts for a business plan for life when prioritizing actions you need to take as a Financial
Caretaker.

The Financial Caretaker needs to establish relationships and

communicate with the injured party financial professional circle
(accountants, attorneys, financial advisors) Depending on the
sophistication of the injured parties financial situation this circle of advisors
may or may not be able to offer the experience or empathy necessary for
an effective asset reallocation to meet potential needs for additional
income and near term cash needs. If this circle does not exist, give strong
consideration to Establishing ONE. Having everything fall on your
shoulders is a recipe for resentment and difficulties.

Implementation of any benefits that the injured party may be entitled to

(Veterans benefits, SSI or any other forms of disability income) should be
coordinated by working with advisors or advocates that have significant
experience in these financial specialties. Be sure that as the Financial
Caretaker (or Trustee) you document and justify all expenditures for new
advisory services.

As stated earlier, the role of Financial Caretaker could be one of a firefighter putting out
a flash blaze or it may evolve into an ongoing role of responsibility. No matter the extent
of the role, having a management plan in place is essential. It will offer such a
significant contribution to the healing of the injured party as the overall stress level of
financial concerns is likely to be mitigated. The Financial Caretaker should view the
experience as a. The lessons taken away from the experience should be viewed with
pride and will be carried over to other situations that call for empathy, strength of
character and dependence.

Richard K. Roscelli

Services: Asset Management, Wealth Management,, Insurance Programs, Alternative Strategies.

Investment Advisor Representative: Belpointe Wealth Management

Contact Information: 205 N Stephanie Street, Suite D-187, Henderson, NV 89074, Main Office 125
Greenwich Ave, Greenwich, CT 06830

Phone 702 529 0368

Email: richard.roscelli@belpointewealth.com

Click here to view website for Belpointe Wealth Management

Investment advisory services offered through Belpointe Asset Management LLC, a Registered
Investment Advisor with the SEC. Registration with the SEC should not be construed to imply that the
SEC has approved or endorsed qualifications or the services Belpointe Asset Management LLC offers,
or that its personnel possess a particular level of skill, expertise, and/or training The fees we receive
are for the advice and management that we provide. Please refer to our Form ADV Disclosure
Brochure for complete details concerning our advisors, compensation and the services which we
provide.

You are receiving this email because you have an established business relationship, have a history of receiving
communications of this nature, or have made a request in the past for information pertaining to the subject matter
contained in this communication. If you wish to discontinue receipt of further communications from this sender, please
click on the above link to send an email with your request. Allow 2 to 3 days from receipt to complete removal of your

Belpointe Wealth and Wealth Management are brands/divisions of Belpointe Asset Management, LLC
Investment Advice is offered through Belpointe Asset Management LLC or its affiliates. Belpointe Asset
Management LLC is a Registered Investment Advisor with the SEC. Registration with the SEC as an
investment advisor should not be construed to imply that the SEC has approved or endorsed qualifications
or the services Belpointe Asset Management offers, or that or its personnel possess a particular level of
skill, expertise or training. The fees we receive are for the advice and management that we provide. Past
Performance is no guarantee of future results. Please refer to our Form ADV Disclosure Brochure for
complete details concerning our advisors, compensation and the services which we provide. Insurance
products are offered through Belpointe Insurance, LLC and Belpointe Specialty Insurance LLC