We're all going to die. No one's found a way around it, yet. But what about your money, your finances? Your money will outlive you. So it would be nice of you if you would help your survivors deal with this. Per Kiplinger.com there are 3 reasons people have for not doing so:
Excuse #1: You're not going to die.
Excuse #2: You've been too busy.
Excuse #3: You can't stand thinking about a future that doesn't include you.
Most people don't want to think about death. Most of us don't know when death will come knocking. My father died suddenly and unexpectedly. He never would talk about death. Therefore, he did not believe in life insurance. My poor mother. His inaction while he was alive created an absolute nightmare and mess for his survivors, especially my mother.
So check out Kiplinger.com for estate-planning steps to "die the right way," including tips for planning your funeral party.
Think about writing your life story. This will prove to be invaluable to all of your eventual survivors. When you die a lot of family history can be lost forever unfortunately. This will frustrate survivors. And knowing that you wrote your story will be a big comfort to family after your death.
What about someone to manage your investments, if you have any? I would not trust most stockbrokers and financial planners, even fee-for-service advisers, with a 1000 foot pole. I think they only enrich themselves, and that the returns they trumpet are mediocre at best. You can do better on your own, and save a lot in expenses by doing so. It is really not that hard to do yourself. But it takes time and energy. But think about it.
Do you have a will? What happens if you have young children and you die? Do you have a trust(s)? Will your estate avoid the tedium and public nature of probate? Are your finances organized? Where are all of your passwords and user names, for online accounts and otherwise?
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