Ask yourself some tough questions
Basically, when it comes to planning your financial legacy, the first thing you need to do is ask yourself a couple of difficult questions. Although it might not be a pleasant subject, give these questions some serious thought. This will help you when it comes time to put together your will, Living Will and any Power of Attorney directions.
Basically, when it comes to planning your financial legacy, the first thing you need to do is ask yourself a couple of difficult questions. Although it might not be a pleasant subject, give these questions some serious thought. This will help you when it comes time to put together your will, Living Will and any Power of Attorney directions.
-
Firstly...
Who do you want to make medical, legal and financial decisions for you in the event that you’re alive and unable to make decisions for yourself?
-
Then...
Consider what will happen financially when you pass away? (IE – what happens to what you own, what you owe, etc)
-
And finally...
What late-in-life medical decisions do I want to make for myself now so that my loved ones can follow my directions later?