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SumDay 03-12-2013 07:33 AM

Estate planning
 
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.
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. :coolsmiley:

pb4uski 03-12-2013 08:42 AM

I like the name of the checklist. Direct. Blunt. No-nonsense.

I've also though of this in terms of what DD would have to go through should DW and I pass at the same time in an accident or something since we travel together all the time.

Thanks for posting.

nun 03-12-2013 08:54 AM

I heard the piece as well and it's prompted me to check my arrangements. I've gone over the beneficiaries for my retirement accounts and simplified my will.


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