3 Tips When Preparing for the Unthinkable
2:44 PM1. Create a Living Will
Many young people do not consider making a living will because they assume that nothing will happen to them. What if it does though? Who will take care of your children? Is that something you really want someone else deciding for you? Wills are not just to determine what happens to your money or material things, but they can also outline plans for your child's future.
2. Make Your Wishes Known
Be sure that if you have any special requests for what happens to your body or during your funeral when you pass on, that you make your wishes known either in writing or to a loved one. It is difficult on the family members left behind and letting them know what you want ahead of time can make things much easier on them.
3. Be Financially Prepared
Even if you are living paycheck to paycheck, life insurance is something that you need to work into your budget, even if you are a woman who works to bring in a second income or a stay at home mom. This article on life insurance for women on Shine from Yahoo discusses why it is important for women to purchase life insurance. As women, we all add value to our families, even if it is just in the help and support we give from being homemakers. Don't know how to go about purchasing insurance? This resource from Genworth can help you learn how and how much you need.
Ar you prepared so that your family would be taken care of if the unthinkable happened?
Information for this post is sourced from Genworth Financial in partnership with the SheHeard Influencer Network.
13 comments
That is good advice.
ReplyDeleteWow, excellent tips!
ReplyDeleteI need to set up arrangements if something happens to me. I know my parents would take my daughter, but they are getting pretty old.
ReplyDeleteWhat great tips!
ReplyDeleteI really need to get the ball rolling on my will. As the mother of four, I really need to make sure that my children and taken care of if something happens to either myself or my husband.
ReplyDeleteWhat great advice.
ReplyDeleteRecently we lost a friend and fellow playgroup mommy to breastcancer - this brought up a lot of these conversations. Great tips!
ReplyDeletesuch great tips and so important to prepare for.
ReplyDeleteIt's so important to find out the laws in your state in regards to what happens to your children if the parents die, especially without a will or written wishes. We were shocked to find out that in our state even with a will and guardianship outlined that the state takes the child until a court hearing can be scheduled!
ReplyDeleteI know that I need one, but I still haven't set up a living will :(
ReplyDeleteWe are nowhere near ready!
ReplyDeleteI need to create a living will
ReplyDeleteExcellent tips, it is important to prepare.
ReplyDelete