Top 10 Things You Can Do Today to Protect Your Loved Ones Tomorrow
- Aug 17, 2007
- 1: Outline Your Wants, Wishes, and Wills
- 2: Create an Estate Plan
- 3: Review Your Beneficiary Designations
- 4: Put Your Finances in Order
- 5: Outline Your End-of-Life Wishes
- 6: Sign a Power of Attorney
- 7: Prepare Guidelines for Your Guardians
- 8: Write A Letter of Instruction
- 9: Talk to Your Loved Ones About Your Wants, Wishes, and Wills
- 10: Review Your Wants, Wishes, and Wills
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From the author of
Are your loved ones adequately protected after you die? There are a number of simple steps you can take to assure that they are taken care of. Estate, trust, and tax attorney Wynne A. Whitman presents ten things you can do today to protect your loved ones.
When we think of Top 10 lists, many of us think of laughs, thanks to the Late Show with David Letterman. But lists can also help you get organized, which is why I’ve put together my Top 10 list of the things you can do today to protect your loved ones, and yourself, tomorrow.
1: Outline Your Wants, Wishes, and Wills
Begin by thinking about what your wants, wishes, and wills would be if you were sick and what you want to have happen to your assets after you’re gone.
Ask yourself the following questions:
- If I’m terminally ill, do I want to continue medical treatment?
- Who do I want to make medical decisions for me if I’m unable to do so?
- If I need help with my finances, who do I want to help me?
- When I die, who do I want to receive my assets: my spouse, my children, my favorite charity?
- Who should administer my estate and/or trust?
- Who should raise my children if I’m no longer here?
The most important thing to remember is that these are your decisions. There are no right or wrong answers.
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