There is no harm in hoping for the best as long as you’re prepared for the worst. Don’t wait for a crisis to be your motivation to get organized and have your affairs in order.
Life Planning is about preparing for a world clients may find themselves in. Consider the following:
- Have you provided anyone with a written set of instructions on how to handle your affairs?
- Does your support team (family members, friends, loved ones) have ready access to all of the information they need to assist you?
- Would that person be able to accurately and easily answer questions regarding your medications, known allergies, primary care doctor, insurance plan, health care wishes, etc?
- Are you faced with issues and questions around aging such as diminished capacity, cognitive decline, arranging for care, or elderly abuse and need options or information?
- Do you have a central repository that is organized, accessible, and secure to store important information pertaining to you?
- Have you personally experienced the process of having to settle a loved ones estate?
Guiding clients through the legal, financial, healthcare and personal decisions of life planning can reveal cracks in their financial foundation—ones you are well positioned to fix today.
A four-step framework for building a personal legacy.
Having an emergency fund may help alleviate the stress and worry associated with a financial crisis.
Though we don’t like to think about it, all of us will make an exit sometime. Are you prepared?