End Of Life Planning Overview
Ready to plan but don't know where to start? All the info below will help break the ice.
Regardless of what you’re currently experiencing, it’s always a good time to have an updated Will at the ready. [Dig Deeper: All You Need To Know About Creating A Will]
The components of an Advance Directive include: Naming a Health Care Proxy, creating a Living Will, Organ Donation and other medical odds and ends to take the burden off your family if you get sick or are the victim of an accident. [Dig Deeper: All You Need To Know About Advance Directives]
Apart from legal and medical forms (Will, Life Insurance Policy, POA, Advance Directive…) it’s important to get a handle on all the other paperwork in your parents’ life to make things easier in the long run (utilities, banking info, digital accounts and passwords, etc...). [Dig Deeper: All You Need To Know About Organizing Important Documents]
Term Insurance is often reasonable and covers you for a set amount of time. Permanent Insurance is a lot more expensive but it never expires. [Dig Deeper: All You Need To Know About Life Insurance]
Your POA has power over everything involving your finances if something happens to you. This includes paying bills, managing bank accounts, overseeing investments, signing contracts, and filing your taxes. [Dig Deeper: All You Need To Know About Naming A POA]
People set up trusts to minimize estate taxes, avoid probate court, and seamlessly transfer money and property to heirs. [Dig Deeper: All You Need To Know About Trusts]
It’s never too early to think about how you want to live when you’re older. [Dig Deeper: All You Need To Know About Eldercare]
It might be difficult for you to think about a funeral at this point, but it’s your final farewell so if you want to have a say in it let people know. [Dig Deeper: Pre-Planning a Funeral]
