I realize this is probably preaching to the choir here at ER, but NPR did a high-level piece this a.m. on estate planning.
From Grief Comes A Mission To Make Estate Planning Less Daunting : NPR
Quote:
"It takes really just a few hours now, rather than a pile of hours and thousands of dollars to do it later when you really need it done," says Chanel Reynolds, who created a website geared to help people get their affairs in order.
The Seattle mother of two launched the bluntly written, one-stop estate planning site after her husband was fatally injured in a biking accident. On top of grief, she faced stress and costs because there was no will or any of the other legal documents needed to handle a loved one's assets.
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One very valid point they raised was to make sure your parents have all
their documents in order. You can listen to the 5 minute audio, or visit her website, or download the
checklist.
Next week's Financial Basics for Baby Boomers is going to discuss annuities.