Q: I know I need to make a will, but somehow planning for death makes it seem so much more real. How can I overcome my fear?
-- Financially Fearful
A: Dear Financially Fearful:
Even people who normally have it together can struggle when it comes to dealing with financial issues that relate to death. There is something about contemplating mortality that can paralyze even the best of us.
The good news is that taking control of your finances, particularly those relating to death, can be one of the most empowering things you do for your life and can give your family real peace of mind that brings you all closer together.
Some of the benefits you’ll recognize immediately by planning ahead:
- Ensure your children enjoy financial stability and know how much you care;
- Name a guardian for minor children, both short and long term, so they are always raised by the people you want, in the way you want, no matter what (and never taken into the care of strangers, if anything happens to you);
- Plan any personal aspects of your funeral, burial, or other service so you make decisions easy for your loved ones after you are gone; and
- Make sure none of the assets you’ve worked so hard for during your life are lost after you are gone because your family cannot find them. .
Did you know that there are billions of dollars of lost assets in the State Department of Unclaimed Property? That often happens because someone becomes incapacitated or die and their family cannot find what they had. Preparing ahead will ensure your family receives the true benefit of your hard work.
All you need to do is contact a Personal Family Lawyer® and they'll make it easy and surprisingly fulfilling to take care of these things for the people you love. They'll guide you through the rest of the process, and in the end, you will not only rest much more easily, but also be motivated and inspired to make the rest of your life the best it can possibly be.
When you are ready to make your life better by facing your death, schedule a Family Wealth Planning Session.™ You’ll leave the Session feeling more educated, empowered, and motivated to have the best life possible than you have in a long time.