Life is not all lollipops and sunshine. You already pragmatically address some of the daily down-side issues of life with the purchase of Band-Aids and toilet paper. But what do you need to plan for your ultimate earthly future?

In the book Ahead of Your Time authors and local business owners, Dick and Sue Coffin, provide stories, insights and specific planning strategies to take control, of your final arrangements. Though this is an vitally important topic it is often ignored. Planning is the best gift you can give to your grieving loved ones. This week and next we will cover some of the tips offered in this essential book. (Available from Rogan's Memorials and at www.aheadofyourtime.net

Why do this, go through the trouble of having these decisions made? Anyone who has had a loss, be it sudden or after a long illness know that the trauma is enough to deal with. This is no time for arranging a large event, and that what a funereal can be. Control your future, show your love, whichever way you interpret this, pre-planning for you passing and the subsequent arrangements is really an act of love! (And it can save money.)

Financial - If you were gone today, would your family know what bills to pay? Would they have money to pay those bills? Years from now would they still be okay or would your estate be eaten up in taxes?

There are many aspects to getting your financial house in order for your heirs not least of which are the day to day concerns as well as leaving money for special needs family members or your charitable interests. Have annual family business meetings to help loved ones 'be on the same page' concerning the bills and papers required to run the household. List bank accounts, investment holdings and the location of important papers on a pad of list and share that information with your trusted loved ones. make copies for you attorney or executor.

Check on your life insurance that your family will be provided for including college for kids or grandkids if that is your intention. Make sure that beneficiaries named on insurance for or annuities and investment accounts are current! These accounts bypass any will or other document and will go to your mother, even if you are married but forgot to change your beneficiary's name!

Legal- Is a will or trust the best vehicle for transitioning your goods to your family? Do you have the legal documents to appoint someone to speak for you in your final days if you cannot speak for yourself? Do you want your grieving spouse to be responsible for everything during the loss? May not. But you need to plan to lift these burdens from your loved ones in a time of loss and pain.

For more information see the book Ahead of Your Time, by Sue and Dick Coffin available at www.Aheadofyourtime.net

Citations:



Marion R. Syversen, MBA - President
NorumbegaFinancial
207.862.2952
Marion@NorumbegaFinancial.com
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