A Quick Task to Ease Your Mind

A lot of the financial advice I share with you involves a long-term commitment. It takes time to build up retirement savings, or pay down debt.

But I have one insanely important and impactful bit of advice that I think many of you can polish off in as little as 30 minutes:

Protect yourself and your loved ones by creating a will, a revocable trust, a financial power of attorney and an advanced directive that is paired with a durable power of attorney for healthcare.

Sounds like a heavy lift? It’s not. The Must Have Documents online program makes it easy for you to create these important protections, and guides you on whether you need to have any documents notarized.

Create these documents and you are creating enormous peace of mind.

A will is necessary to ensure all of your possessions are transferred into your trust to avoid the costly and time-consuming probate process. As well as appointing a guardian for your minor children.

A trust is necessary regardless of your net worth, to ensure your assets pass as seamlessly as possible to your heirs. The trust keeps you 100% in control of things. It is a “revocable” trust, which means you can make changes at any time.

A financial power of attorney is necessary to make sure someone you have appointed can step in and help manage your financial affairs if the need arises. Maybe you become too ill to stay on top of the bills and investments, or you find yourself wishing you didn’t have to deal with everything all the time. That’s where your financial power of attorney can step in and help. It can be anyone you choose; an adult child or grandchild, for example.

An advance directive is a document that spells out your medical wishes. In the event you can’t express what you want, your advance directive spells out what level of care you want, including whether you want to be put on life support if the need arises. And because you may not be in a position to have these conversations directly with your care team, you need someone who has the authority to speak up and advocate for you. That’s the person you will name in your durable power of attorney for health care document. That person becomes your official healthcare agent whom doctors and your care team will be authorized to discuss your care with. Most importantly, this person will make sure your wishes are heard loud and clear by those caregivers.

That’s a lot of peace of mind, right? Ready to give that gift to yourself and your loved ones? Learn more about the Must Have Documents online program, my #1 recommended way to create these essential documents easily and affordably.