How To- Ensure Your Family is Okay Without You

Let’s talk death, shall we?

Today is my Grandma Pie’s birthday. We were super close all my life. So close that when she transitioned a couple years ago I insisted on helping with the process, not only so I could be with her for a few more minutes, but also so my Mom could prepare as a daughter.

When my grandmother died she made sure that everything was taken care of so those of us left behind did not have to worry about how to pay for her final expenses- the bills, the after-life party (she did not want a funeral), etc.

Can you say the same for yourself?

What would happen to your family if you died right now? Would they be okay? Or would they be begging for others to help?

Would the bills be paid?

Would your children have funds for their activities and education?

Would your family be able to continue with their current lifestyle?

Whether you have savings, investments, or insurance, make sure the only thing your family has to do is miss you.

And, keep in mind that, depending on your laws, some accounts may be accessible right away but others may not be available until the estate is in probate and/or settled. If you do not know the laws, consult with an attorney.

Depending on your estate- the size and assets included- you may need to consult with a CPA as well. You want to make sure as much of your estate is transferred to your heirs and minimize what goes to the government.

And, if you do not have enough in liquid assets (ie: your savings and investments you can easily convert to cash) to cover your debts, look into some life insurance to bridge the gap.

Are you like Grandma? Or is your family in for a shock?

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