Peace of Mind

Planning now for the inevitable can ensure that your loved ones will never have to make difficult decisions in an already difficult time.

Planning for a future that doesn’t include you is not an easy thing to do. Most people don’t want to think about the idea that they won’t be around forever, and that is why 70% of Americans die without a valid will. Unfortunately, no matter what your age or level of personal wealth, future planning is crucial to ensure that your wishes will be carried out when you are no longer able to convey them. It is not all about money. Who would you want to have guardianship of your children? Who would you like to make health care decisions for you in the event that you can’t speak for yourself, and how will that person know what your wishes are? These are extremely important questions, and knowing the answers will remove a burden from those you love.
An important step in planning for the future is to get advice from someone who knows. This may mean speaking to an attorney, banker, accountant, tax advisor, or insurance agent about your personal needs and circumstances. Finding someone you can trust is essential, so if you don’t know any professionals that you can talk to ask friends and relatives for recommendations. Don’t be afraid to interview several candidates until you find someone you feel comfortable with. If you feel your will will be a simple one you may consider buying do-it-yourself software. There are many programs available to help guide you through the process step by step.

One of the most important decisions you must make is who you will appoint as your executor. This is the person who will make sure that your instructions will be carried out in the manner that you have requested. He or she takes care of any taxes or debts you owed and then distributes the remainder of your estate according to your wishes. A probate judge will oversee the executor’s progress. Choose someone you trust to be responsible and dependable.

Lastly, make sure that all of your important documents and information are organized and kept together in one secure area. Be sure to let your loved ones know where that place is, whether it’s a locked drawer, a safe, a bank’s safe deposit box, or your attorney’s office.

More information can be found online at:

www.allstate.com/rweber

www.estateplanning.com

www.freeadvice.com