Making plans to prepare for the inevitable or having “that conversation” with family members can be an uncomfortable subject for many people, but it’s something that should be dealt with before it’s too late. Disaster can strike anytime, anywhere, and to anyone. We never know how or when, so it’s best to be prepared at all times, especially when it comes to finance.
If you or a loved one were to become incapacitated or pass away unexpectedly, it is important to have a sound financial plan in place to ensure the best possible outcome for your family. Being financially organized is absolutely key in the event of a crisis. This avoids unnecessary stress in an already difficult situation.
It is especially important for the family breadwinner to put their financial, estate and personal affairs in order before the unthinkable happens. You’ll want make sure you are as detailed as possible to eliminate confusion in case of an emergency.
To enable families to better prepare for the unexpected, I have developed The Everything Binder. This tool is designed to organize and document pertinent information if you or a family member were to suddenly pass away or become ill.
Though the binder is designed to help those left behind, I want to emphasize that the head of household will benefit as well. You will experience true peace of mind once The Everything Binder is completed. I know that I certainly sleep easier knowing that everything is in order. We don’t like to think about tragedy, but it’s better to have a plan put together just in case.
Maloon, Powers, Pitre & Higgins, LLC is a Registered Investment Advisor. Securities offered through Financial Telesis Inc. (Member FINRA/SIPC). Financial Telesis Inc. and California Financial Advisors are not affiliated companies.