Take Action on Your Estate of Affairs

28 Jul 2015

It can be overwhelming to lose a loved one, and part of the stress comes from worrying about financial and legal affairs. A good financial plan reduces those fears so that you can focus on family.

Take the time to sit down with your significant other and address legal, tax, and financial issues, should something happen to one or both of you. Once you have addressed the technical details it’s also a good idea to thoroughly discuss family matters and values. I know how important this is from my own experience, find out more in my book: Stop Trying to Keep Up With the Joneses: They’re Broke Anyway.

Sometimes I hear people saying that they don’t have enough money to be concerned about having an estate plan. What they don’t realize is that they already have one, if they haven’t taken action. It’s the government’s plan, and it is unlikely to be in their best interest. It tends to be expedient, and it tends to fall in the government’s favor when there’s any sort of ambiguity. So, protect your estate and your family’s future by planning ahead.

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Brad Berger
Brad Berger

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