Estate planning is an often-neglected subject in financial planning. The reasons I’ve heard from people about why this is the case run the gamut, but estate planning is an essential piece of securing your personal finances….
Estate Planning Mistakes to Avoid
Routine Maintenance
Power of Attorney – what is it and why you need one
As a financial planner, it’s part of my job to ask the question “What happens if you become incapacitated?” It’s not inconceivable that such a thing can occur, and the odds increase as you age. For a retiree especially, health concerns rise and mental sharpness may begin to dull. Which is why it’s imperative to address this now when you’ve had time to think your decision through rather than when it’s too late.
If you’re smart, you’ll plan ahead for such an eventuality, and one of the main tools you’ll use is the Power of Attorney....