As we start to age, the worrying begins. Did we do enough in life? Have we had fun? What about the wrinkles? – These are just a few common questions we ask ourselves as we get older, but then we pass that stage, and we start to worry about how our children will be when we go. And if they have enough to get by. Well it’s very important that you sort out all of your affairs so that you can be rest assured that everything has been put in place how you want it, and your family are taken care of. Of course, this is never a nice thing to think about, but the sooner you do these things, the sooner you can go back to enjoying each moment.
Here’s what needs to be done.
Write a will
It is absolutely essential to write a will. This is because the system doesn’t always work the way we want it to, and so if you don’t properly specify what you want to happen – there’s a lot of chance that it won’t. For example, if you have a special ring that you promised your Granddaughter when you pass away – you need write it down on the will; otherwise it will go to your next of kin, and this might be your worst nightmare because they just want to sell it. Whereas if you mentioned it on paper, it would legally belong to your Granddaughter. The same goes with belongings like your home, your car, and even your dog.
Planning a funeral
Planning your funeral in advance may sound rather grim, but this way you are able to ensure you get everything that you want, while also taking the stress off of your family who may not know what needs to be done. Leave instructions about how you want your body to be disposed of. If your family live in different places, arrange travel expenses. You can even write a few words for someone to read out for you – a final message, if you will. Funerals can tend to be a very expensive thing, so by you taking care of it, you’re not leaving your children with a big bill to pay. Having said that, shop around, as there are cheap funerals, you just have to look in the right place.
It’s very common that people pass away before dealing with their finances, which means their family has to try and sort it out for them, so not only are they having to deal with the trauma of a death, but they are then required to pay off loans – it shouldn’t be like this. So you should close all the loose ties so that you aren’t putting anyone in this position. Go through all your old documents, bank statements, and receipts, and see if there are any outstanding debts to pay off, and if so, sort them out. This will also give you peace of mind because you have no financial troubles weighing in at the back of your brain.