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 me the ultimate act of love is planning ahead. I call it Death Etiquette™: Death Etiquette™ - Being thoughtfully prepared for one’s own passing. Accordingly, making things easier for family and loved ones by leaving clear and concise instructions in regard to your final wishes for funeral desires as well as location and access to important documents and accounts. Further identifying who should be responsible for carrying out the final wishes and ultimately settling all the final affairs. It is a simple act which saves loved ones Stress, Time and Money…. the things which divide families!
We are creatures of habit. Our habits, whether good or bad, are undeniably part of our lives, as a recent study shows that almost half of the things we do on a daily basis are driven by our habits. Like it or not, those habits will either help us attain the successes we desire or hinder our progress toward these goals.
Let’s face it, life and our stuff, is significantly more complicated than it was 20 or 30 years ago. Technology has made it so. Technology, while simplifying our lives immensely, has made for a very complicated departure.
Nearly all of us will die with some type of debt. Here's what that could mean for your family.