It’s time to take a look at the two primary personal financial and legal items that will support your family be as resilient as possible, regardless of what happens. In an upset world, here’s something you can do to stay in control and do the right thing for yourself and the people you love.
First and foremost, make sure your health care directive or Living Will is up to date, lists the right people to make decisions for you, has their most current cell phone number, and specifics regarding how you want to be cared for if you get sick. See more info in my March 17, 2020 blog, “Make Sure Your Living Will Does What You Want.”
Second, at some point people will have to handle your stuff: your money, personal belongings, and all the resources you’ve gathered throughout your lifetime. Whether you have a lot of stuff, or a little, the reality is you have stuff and you want to make sure that it doesn’t create a big mess for the people you love.
If you think you don’t have enough assets to need to create an inventory, just look around you right now. All the artifacts of your life, even the phone or computer you’re using to read this, will have to be dealt with by someone when you’re no longer here.
Where’s your money? What about that retirement account you started years ago? Do you remember how to access it? There’s probably more you aren’t even thinking about right now. That’s why you need to do this. There’s currently between $49 and $80 billion dollars in government coffers across the United States and it’s there because families simply lost track of what their loved ones had.
If you don’t want your property to become lost to the government, now is the time to take action. Contact me and I will provide you with a Family Wealth Inventory & Assessment form free of charge.
The best thing you can do is create an inventory of what you have, where it is and how to access it. From there, you may have additional legal planning steps to take. However, you cannot know what those steps are without first creating an inventory of what you have, where it is, and how to access it.
Email me at eric@ericrubenlaw.com to request your free Family Wealth Inventory & Assessment form or go to www.ericrubenlaw.com and hit the Contact Eric button and fill out a consultation form. Take control of what you can.