Three quick changes to make immediately to prepare for the future.
Number one. Get a Will. 71% of adult Americans don't have one and it is a big mistake. I think it would be fair to say that of all the people living today 100% of them will be dead within a God given time. Take it from me, you need a Will. It's not as expensive as you may think for a lawyer to prepare one. One simple Will costs under two hundred dollars but can save your poor loved ones thousands of dollars and volumes of frustration at the worst possible time. I refuse to refer people to self help make your own will websites because I have seen too many mistakes made by people without a clear understanding of the consequences of the words and phrases they choose to put in their will. It would be much better to talk to a lawyer and avoid making rookie mistakes in your Will.
Number 2. Get a Durable Power of Attorney signed for yourself and by each of your elder loved ones. It's used for giving your spouse or another trustworthy person the legal power to make financial decisions for you should you become mentally incapacitated.
Number one. Get a Will. 71% of adult Americans don't have one and it is a big mistake. I think it would be fair to say that of all the people living today 100% of them will be dead within a God given time. Take it from me, you need a Will. It's not as expensive as you may think for a lawyer to prepare one. One simple Will costs under two hundred dollars but can save your poor loved ones thousands of dollars and volumes of frustration at the worst possible time. I refuse to refer people to self help make your own will websites because I have seen too many mistakes made by people without a clear understanding of the consequences of the words and phrases they choose to put in their will. It would be much better to talk to a lawyer and avoid making rookie mistakes in your Will.
Number 2. Get a Durable Power of Attorney signed for yourself and by each of your elder loved ones. It's used for giving your spouse or another trustworthy person the legal power to make financial decisions for you should you become mentally incapacitated.
Number 3. The next thing for your immediate attention is to get Uninsured Motorists Coverage. There are so many people riding around out there without car insurance either because they can't afford it; or they are unreliable bill payers and their insurance gets cancelled for non-payment just moments before they crash their car into yours. See my earlier blog post Insure yourself against the Uninsured.
Make these changes today while there is still time. You won't regret it and you'll thank me for it latter.
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