We're all in the same boat (Quick Changes to make)

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 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.

Insure Yourself Against the Uninsured

You have to insure yourself against the Uninsured. Buy Uninsured Motorists coverage for your vehicle before you get in an accident. It’s not that expensive and will save you from a major financial hassle. Cars get hit all the time by other cars that have no insurance. Check out this link.  If the car that hits yours has no insurance and you don’t have collision coverage on your own car; who pays to fix your car? You do. You will most likely have to pay for your own repairs or just live with driving a banged up car. If your car is totaled in the accident then you wind up with no car. Yes, you can try a lawsuit but if the guy you sue has no money are your problems over?

I am not an insurance agent and this is just common sense advice not legal. You should consult an insurance agent before you have an accident and consult with an attorney after you had an accident. Enough said.