Category archive for ‘Family Matters’ rss

  • Wrapping up to further help you wrap up your affairs

    One of our five beautiful daughters once said to me, “Dad, the last check you write should bounce.” Needless to say that would be the epitome of perfect planning and, while I pride myself on being prepared, that would be stretching it a bit. However, it does serve as the perfect metaphor for the idea of organizing ahead for the expected, not the unexpected. Insurance is for the latter, personal planning for the former.

  • Preparing income tax data

    This is the fifth column on building a Roadmap for your executor/heirs in the event you are incapacitated or no longer here. I encourage you to consider these kinds of preparations if you haven’t already.

  • Income/expenses preparedness

    This is the fourth in an ongoing series of columns about building a Roadmap for your executor/heirs to follow in the event you are incapacitated or not here to guide them. The Roadmap should contain a litany of necessary information and need not be shared with anyone until needed. The only ABSOLUTE is to be sure your executor knows it exists and where to find it.

  • Common-sense preparations

    This is the third in a continuing series on building a Roadmap for your executor/heirs to follow in the event you are not there to guide them.

  • Organizing electronic access

    Our last column began the discussion of preparing a “Roadmap” for your executor or heirs to follow in the event you are unable to assist with managing your personal affairs. I should add that this map could well be an asset for a surviving spouse in the event they are not the one who manages that aspect of your lives.

  • Planning for the worst-case scenario

    The sudden and unexpected loss of a family member several years ago set the wheels in motion for a comprehensive look at how my wife and I manage our personal “business” affairs. After the accidental death of one of our son-in-law, I sat down with my daughter to help her sort through the finances, as her husband had taken care of all aspects of that part of their lives.