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Finance For Dummies

Finance For Dummies offers personal finance information on investing, retirement investing, finance, insurance, credit cards, loans and more. Personal finance education is our goal.

Friday, April 28, 2006

Financial and Life Matters

Everyone tells you to plan ahead, but few want to think about the inevitableness of dying.
Here are 5 things to think about completing:

  1. Agree on a place to keep all important document. Let the importnat people in your life know where to get this information.
  2. Make sure you have enough life insurance so if you do die your family does not become destitute. You would never want that tradgedy to become worse.
  3. Prepare a will.
  4. Prepare a living will and make sure you have legally given power of attorney for health-care and financial matters.
  5. Make sure all your beneficiary information is correct and up-to-date. Probate is no fun. Avoid it by updating this information

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