I read the following Denver Post article about estate planning last December and it got me thinking about my end of life plans. I didn’t have any written plans and decided that leaving that task to my only child was not fair to her. So I took action and followed the beginning steps laid out in the article. I have to admit, it was even kind of fun picking out the music I would like played at my funeral. I hope this article helps you begin making some of these same important decisions. A will isn’t enough.
Planning for Retirement? Take a break, for survivors’ sake
by Wendi Strom
December 27, 2015
“Many of us face the likelihood of eventually becoming the survivor of someone that we love. With that, it may mean inheriting the task of settling the affairs of their estate. Not an easy task, even when everything is thoughtfully organized.
The truth is, in our death-denying society, hours and hours may be spent on planning for that big phase we call ‘retirement.’ Retirement, though it may be more pleasant to think about, is not guaranteed. Death, as we all know, is.
Having worked with many widows and other survivors, I’ve come to realize that while planning, saving and investing for education and retirement may seem like the most important of our financial tasks, its tending to the fact that our survivors may one day be living a life without us that can ultimately become that task which is most important. Our best and final gift.
So what kind of steps can you take to help your survivors?”
Read more at: http://www.denverpost.com/2015/12/24/planning-for-retirement-take-a-break-for-survivors-sake/.
Wendi Strom, Certified Financial Planner, LOTUS Financial Partners, Denver, CO and president-elect, Financial Planning Association of Colorado.
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