End-of-life planning is a crucial aspect of ensuring your final wishes are honored and easing the burden on your loved ones during an emotionally challenging time. By taking proactive steps and communicating openly, you can bring peace of mind and create a meaningful legacy.
Sometimes it feels like life is one major event after another: school, career, marriage, house, children, aging parents. When life falls into a predictable patterns, your actions are understood and predictable. But what happens once you retire? Time suddenly becomes your own.
Though you’re still the same person in retirement that you were during your career, it’s important to acknowledge that many things have changed, including your day-to-day priorities and habits.
Retirement represents a drastic shift in how we live. Instead of regular paychecks providing for expenses, a person (and family) must instead rely on accumulated assets, Social Security, pensions, and related sources of income to sustain one’s lifetime for an unknown duration.
For many, the idea of retiring is the American dream. Yet this “dream” is one of the most stressful life events.
Death, severe injury, and disability are not usual topics for the kitchen table, but are necessary to make sure your wishes are carried out, and that you are not subject to the default conclusions of the state law where you live.