It’s officially my favorite time of the year! There is nothing better than enjoying my days off and spending time with friends and family. Make the best use of this time together and discuss some important issues with your family to make sure they are prepared if something happens to you. Be sure to ask them these five questions to get the conversation going:
1.) Do you have an estate plan? For most people, the answer is no, and that is pretty scary. Ask the people that you love most if they have a plan in place (will, trust, power of attorney, etc). If not, push them to get this done before the end of the year. Estate planning is the ultimate act of love. It does take some time and effort to get it done, and it might not be the most exciting thing to do, but your family will thank you for being responsible and proactive when that time comes.
2.) How do I locate your estate planning documents? I get calls from families weekly that are in a panic because they cannot locate the estate planning documents of their loved ones. It’s the “morbid scavenger hunt” that is really easy to prevent if you communicate with your loved ones wh