After a long illness, one of my neighbors passed away last year. After his passing, his wife had a couple of difficult weeks wondering if she had enough money to survive. She did not have passwords to her bank or investment accounts. She did not know where all of her vital records were located. Fortunately, her family was able to unravel the financial ministries and she is now OK.
Lisa and I quickly realized that we similarly didn’t have our documents in order. We are now in better shape if one (or both) of us passes unexpectedly. There are many prudent steps that YOU can take to plan for the inevitable:
- Make sure you have good health insurance
- Make sure you have enough life insurance to take care of your family
- Make sure you have a last will and testament
- And, make sure that the rest of your family knows how to find everything. At least leave them policy numbers, passwords, and the location of your important documents.
Don’t risk leaving your family in harm’s way if you leave them prematurely!
(Sorry for writing about this two days in a row).