Estate Planning: Preparing For ‘End of Life’ Business

Estate Planning

Preparing one’s self for the end of life business is both frightening and intimidating.  Yet, estate planning is something we must all do sooner or later.  Getting prepared is one way of taking the fear and anxiety out of preparing for ‘End of Life’ business.

• Also Read: What You Need to Know About New TSP Withdrawal Flexibility for Federal Retirees
• Also Read: FEDVIP in 2024—What Federal Employees Should Know Before Open Season
• Also Read: FEGLI Life Insurance: The Changes Federal Employees Should Know About Before They Head Toward Retirement

Estate planning for the end of our lives can be an emotional undertaking and one that if we had a choice, we would avoid altogether.  Estate planning for the end of our lives, however, is inevitable.  We don’t want to leave our family members puzzled and conflicted about what they think we would want at the end of our lives.  It is certainly our desire that we would be lucid and fully capable of conducting our affairs to the very end.

As human beings it is always sad to say goodbye and never pleasant whether it is for a short period of time or at the end of one’s life.  Such situations can be made bearable when we leave our loved ones behind if proper planning is put in place.  Being aware of how the death of one’s partner can impact income and expenses is critical in making sure that your estate plan is in place.

In this series of posts we will discuss topics important to preparing for the end of life business that must be a key priority for each of us.  We will also define terms that will give us a better understanding of what is involved in planning for the end of our lives.

P. S.  Always Remember to Share What You Know.

 

Click HERE for information on Estate Planning

Click HERE for information on Powers of Attorney

Click HERE for information on Will and Testament