It’s a new year, which means a new chance to do what you’ve been putting off until the time is right. That time is now to create an estate plan. Here are 5 of the most loving things you can do for the people you love in the New Year. The truth is that at some point all of us will become sick or die. And while we don’t like to think about it, the best way not to is to plan well and then put it out of your mind knowing you have done what you can to protect your family.
1. Make a plan. Get a will, trust, power of attorney, and/or health care directive so you don’t leave your family to deal with an expensive court proceeding overseen by a judge who doesn’t know about you or your family.
2. Write a letter or record a video. Pass on what really matters to your family — your values, insights, stories and experience — in written or recorded form so they can return to you long after you are gone.
3. Pay for and plan your funeral. Cremated or buried? Ashes or body where? Yes or no to a viewing? Make these decisions now and let your loved ones know, in writing, so they don’t have to wonder. And consider pre-paying for your funeral expenses, so they don’t have to scramble in a time of grief.
4. Name guardians for your kids. Be sure that your children will always be with you people you know, love and trust and never be at risk of placement with strangers.
5. Get organized. Let loved ones know where they can find your legal documents and other important paperwork, the key to your safe deposit box and be sure to include all of the password information to access online accounts, including email, Facebook, and other regularly accessed websites.
This month, in honor of the New Year, we have a “get organized” for your loved ones special going on here at Law Office of Rachel Thiessen. Be one of the first 5 families to get on our calendar this month and we’ll get you organized in a Planning Session free of charge, and send you home with all of your most important papers organized in a Family Financial Freedom Notebook that will make it simple as can be for your family if anything happens to you. Just call (717) 730-0737 and tell us 2014 is the year you are ready to get organized and you want to learn about creating an estate plan.