A few years ago while I was working for a financial services firm, we had a retired couple come into our office. They wanted to make sure their beneficiaries and estate plan was in place and up to date before they went on a trip overseas. They had traveled before and were looking forward to the time they would have together on their adventure. Unfortunately while on their trip, a tragedy occurred and they both lost their lives. We were stunned and saddened by the loss but at the same time, so impressed that they had the foresight to have all their plans in place long before they thought they would need to use them. They were ready so that when they did pass away unexpectedly their wishes and expectations were made known. While none of us ever want to utilize an estate plan, this story is just one example of why it’s best to have your estate planning and beneficiary designations up to date.
You have just suffered an emotionally devastating event and the last things you want to deal with are money and legal matters. However, they do matter and they must be done, so try to do the best you can. Many of these tasks can also be handled by family members and trusted friends, so allow them to assist you. This checklist can help organize some of the items that you will need to address in the coming weeks.
Estate planning is a complex and often confusing process. But it’s something that we all need to address and have our basic questions answered. In part two of this series, we will look at four more questions that will help guide you on this journey of learning about estate planning. After this, you will be better equipped to put your own estate plan into action. Don’t forget to check out part one of this series to get more of your important estate planning questions answered.
A funeral is an essential expenditure, and a little planning will eliminate the uncertainty of costs and payment. If you don't plan for funeral expenses, you run the risk of your family having to ask friends and relatives to share an unexpected financial burden, which can put everyone in an embarrassing and uncomfortable position. And if you borrow money, it has to be repaid.
We all know that losing a loved one is difficult. We know that we will grieve, but how much does grief impact your life? Grief can impact your whole person-mentally, emotionally, physically, and spiritually. One thing to remember is to not distance yourself from your grief. You may want to push your grief aside and lock it in a box, but that only delays the healing process. As time goes on after your loss you will most likely experience three distinct phases of loss.
After the loss of a loved one, your friends and relatives will want to respond by expressing their sympathy. Flowers, condolence cards, meals and other acts of kindness are all ways of letting you know that your grief is shared and understood. It is not necessary to acknowledge every person who visited you or offered condolences.
Not everyone has the gift of confidently speaking in front of others. And often the thought of public speaking throws many people into a panic. Add to that fear the common discomfort of discussing death, and it's easy to understand why the idea of delivering a eulogy can be disconcerting. If you've been asked to write a eulogy, take heart. This article will give you 6 easy ways to make sure you write the best eulogy to honor the one you’ve lost.
What is an estate plan? Why do I need one? What happens if I don’t create an estate plan? These are all valid questions that need to be answered. In this series, we will look at your biggest questions and give you the answers you’re looking for. Make sure to stick around for parts two and three as well!
There’s a good chance if you’ve had any personal connections to someone who has passed away that you’ve thought about your preferred method of ultimate disposition: burial or cremation. Cremation is only chosen about half the time, the rate of those who decide to be cremated has almost doubled in the last decade. The rise in cremations begs many questions, one of them being, what’s the story behind cremation? When did it begin and which people were the first to begin the custom? Let’s dive in to the story and discover something new today. (Left) Achilles and Ajax Playing a Dice Game on an Ancient Grecian Urn , 540 BC Vulci Italy
We all knew them. The girls who have had their wedding planned since the age of 6. Or the boys who’ve been working on their business model since middle school. Many people start preparation for college, their wedding, their careers and their kids far in advance of when they actually occur. It’s natural to think ahead to those big events, so it makes sense that funeral planning should be a part of that list as well. Here are four reasons planning your own funeral will set your mind at ease: