It’s easy to imagine how emotionally difficult it would be to navigate losing your spouse, but for anyone who was not prepared financially for that scenario, it makes an already terrible situation even worse.
That’s why married couple Nidhi Dwivedi and Arvind Gupta say they started their business — which they call Financial Vision — to help clients with estate planning, wills, trusts, as well as life and health insurance.
Nidhi explains that anyone who doesn’t have an estate plan in place could find themselves having to go to probate court, where a judge would decide what accounts they could access, which can take months to resolve.
“There is not only a financial cost,” explains Nidhi, “but also the struggle while someone is already going through the emotional difficulties of losing their spouse.”
Arvind adds, “Many people do not know about the importance of having a plan and appropriate documents in place for their family.”
That’s where Financial Vision can help. And, in addition to estate planning, Nidhi and Arvind also help clients with financial and retirement planning and saving to pay for college for their kids.
The couple lives in K-Bar Ranch in New Tampa with their children, ages 15 and 9. Both Nidhi and Arvind are information technology (IT) professionals who have long dreamed of owning their own business. They have lived in Tampa since 2007, when they moved here from India.
Nidhi says her husband always hoped to move to the United States, and now they are living their shared dream of being entrepreneurs, with the freedom to both provide for their family’s needs and to have the flexibility to travel back to India to care for her aging parents whenever needed.
When they realized the great need for education on financial matters, Nidhi worked to become licensed as a life and health insurance agent through the State of Florida. She often meets with clients, while Arvind works as her support “staff.” They launched their business in May of 2023, so they have been helping clients get their financial matters in order for more than a year now.
Being a licensed life and health insurance agent means Financial Vision has access to many large companies — such as Nationwide, Fidelity and others — that offer products such as life insurance and annuities to help clients plan for their retirement and other long-term savings.
Financial Vision offers a complimentary consultation, which can be conveniently held in your home or even online if you prefer.
“During this consultation session,” Nidhi explains, “we delve into crucial topics such as understanding the mechanics of money, the significance of financial planning and the essentials of estate planning, including wills, trusts and strategies for avoiding probate. We also provide insights into how taxes and market volatility can impact financial stability, especially during retirement.”
She says she and Arvind believe that financial decisions should be a shared responsibility within the household, so they make it a point to engage both spouses in educational sessions to ensure that both partners are equipped to actively participate in managing their financial affairs.
On the estate planning side, they help people document who will be the guardian of their minor children in case something unfortunate happens, and explain documents such as wills and trusts, living wills and powers of attorney.
Nidhi and Arvind say that the process may prove to be easier than you think, and the idea that you have to have a lawyer prepare these types of documents is a common misconception.
They work with an online provider called Net Law, which complements their educational services.
“Don’t procrastinate,” says Arvind. “This is important. I feel passionate about it because we have understood first-hand why you need to have it, and the cost of not having it.”
They say that, especially if you have children, estate planning is essential, and Net Law offers a package for families at what Arvind calls an “optimized” cost.
“It’s almost DIY,” he says. “You can do the paperwork at home, take it to a notary, and it’s done. It doesn’t take hours. It takes maybe an hour and it will really help you.”
While Nidhi is licensed in Florida and based in New Tampa, she also is licensed in all 50 states and has helped clients across the country, as well.
Joining The Team!
Now that their business is established, Nidhi and Arvind are looking for partners (photo) to help them expand Financial Vision.
If you or someone you know is interested in getting licensed and being trained by Nidhi to learn about financial services and all that they do, they welcome you to contact them.
“You don’t need a financial services background,” Arvind says. “We’ll guide you and explain everything you need to know. This is a part-time opportunity for anyone with a passion for helping people and a willingness to learn…someone who is looking to bring in additional income.”
One business partner they are already working with is a friend who was first a client, Kanchan Mishra.
“We wanted to secure our family with estate planning and have the will and trust done,” says Kanchan, who adds that she has learned so much — especially the value of understanding her family’s finances and not leaving it only in her husband’s hands.
Kanchan says that she used to think that since she’s not a citizen of the United States, she didn’t need to worry about estate planning, but she has come to learn that anyone who has any property or financial accounts in the U.S. should still have an estate plan.
To contact Financial Vision to set up a free consultation for estate planning, creating a will and trust, planning for rolling over a 401(k) retirement savings account, planning for retirement or your children’s college education, or if you’re looking into options for life insurance — or want to join the Financial Vision team, call (813) 390-1086 or (813) 385-1601. You also can email Nidhi@ financialvision.us or visit the website at FinancialVision.us.
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