Tuesday, 15 November 2016

Create a Will for Peace of Mind: Support my sister!

When 57-year-old singer Prince died unexpectedly in April 2016, he passed without a will. And approximately 56 percent of adults in the U.S. are in a similar position, with no wills in place to address the allocation of their assets. Planning for death can be uncomfortable, scary and overwhelming, and writing a will may not feel like a priority during happy, healthy periods. But dictating how you want your assets delegated is important and helpful for your heirs.

Select Your Beneficiaries
A will allows you to specify how you want your real estate, financial assets and personal possessions split among your spouse, children and grandchildren as well as siblings, other relatives, friends and charities. Without a will, your assets could be divided in a way that wouldn't suit you.

Designate Your Children's Guardian
In a will, you can designate who will be the legal guardian(s) of your children in the event you pass away while they are still minors. You can also set up a trust for your children and appoint a trustee to manage their financial support.

Consider a Living Will
A living will is a statement of your wishes for end-of-life care in the event you become terminally ill and can no longer communicate. Also called an advance directive, it specifies what kinds of life-sustaining medical care you do or don't want.

Once you create a will, you can change it any time. As your life changes with additional assets and heirs, it's important to keep your will up to date.

Elizabeth Olagunju
Primerica Insurance // Insurance Agent
EMAIL liz@coaching4business4life.com
Phone (302) 368-7675
ADDRESS 1835 E. Hallandale Beach Hallandale Beach, FL 33009

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