The Importance of a Living Will and last will
No one really wants to talk about what happens to us, what will happen to our children if something were to happen to us and to be honest I didn’t think about it at all until my uncle and I were talking at the family reunion a few weeks ago and being that he is a financial advisor I am taking his advice and getting all my stuff in order and I want to share with you what I learned from him.
He said it to me this way “You wouldn’t let the IRS do your taxes, so why let the government handle your personal business and children if something were to happen to you”.
When doing a living will there are some questions that are not happy ones to answer, and if you are a giant sap like me you may end up crying because you start thinking of the worst that can happen but in the end having all the important information written up by you will be the most important thing you can do for you and your family.
With your living will it gives someone the power to act in your behalf for your medical needs and it will be known exactly what you want to have done incase the situation arises.
Your Last Will is what will make sure that all your belongings and financials are in order, that things are appointed to who you want them to go to. This means that your money will be given to who you want it to and that your wishes for it (like your children getting it) are done and not left for anyone else to decide.
I went through Legal Zoom to check out prices and for a living will, power of attorney, and last will was $165.00 so a very small price to pay compared to the craziness that can come from not having it done.