Financial Resources for End-of-life Planning
When a loved one dies, settling finances can be a difficult process. Here’s what you need to do to ensure your retirement savings, investments, and other bank accounts are distributed how you wish.
For most of us, we’ve seen our health insurance deductibles rise dramatically over the last decade. We now pay thousands of dollars in deductible– and that’s before any of the insurance kicks in! But there are things that can help. We’ve put together a list of products to help cover those high deductible costs.
Bad things happen. We cannot predict or control them, but we can control how we react to them. And once through it, it's wise to reflect on that event or circumstance to see what the experience has taught us. Being productive during these sometimes-monotonous days (is it Monday or Saturday? syndrome) is critical to keeping our sanity. The feeling of accomplishing something you haven’t done before, (or have put off for a long time) can be extremely satisfying!
Do you have elderly parents? Are they of the age where falls are occurring, or trips to the ER are becoming sort of frequent? Has their mental capacity diminished? For many of us, these are the realities we face. It brings imperative scenarios we must think through, especially during this challenging time.
In a perfect world, your end of end-of-life plan will account for everything. Every “i” dotted and every “t” crossed. In reality though, mistakes happen, and it’s often the small stuff that causes the most problems. And these mistakes can wreak havoc on your loved ones! So we’ve compiled a list of the most common and not-so-common pitfalls to avoid.