This past week, I attended a funeral for a cousin who had knee replacement surgery. While in the hospital and in recovery, he developed a blot clot and died. The surgeon said he had never lost a patient with this surgery in his 38 years of practice. The cousin was 62 years 3 days old.
I share this with you to bring your attention to the importance of planning for the unforeseen. One very important piece of the financial planning process is to have your house in order for the unforeseen, for the expected, and for the unexpected.
- Who are your beneficiaries, and do you have contingent beneficiaries?
- Do you have life insurance in place to support your family without you?
- Do you have a will?
- Do you have power of attorney documents in place if you were to become incapacitated?
- Have you put into place a living will?
COVID certainly has proven that we all have a need to have our plans in place and to share with our family and loved ones.
I recently met with an attorney who shared her personal story about the difference planning can have upon the family left behind.
Let me share her video. This is not a recommendation for her services, and I do not give legal.
However, this message is to advocate that we all take the time to develop and have our plans in place for the unexpected, the “what if?”
Let’s talk about your “house of financial security” so that you can have confidence and peace of mind that your family will be okay if something were to happen to you.