Estate Planning for Women
Are you intimidated by the thought of estate planning? You’re not alone.
In fact, many of my clients neglect taking care of themselves because they’re so busy taking care of others.
That includes everyone from parents, to spouses, and in some cases our adult children.
The Importance of Estate Planning for Women
Actuarially speaking, we women, stand a good chance of outliving our partners/spouses.
That’s why it’s so important you participate fully in the retirement planning of your spouse. And equally as important that you have a plan for yourself.
Our mothers and grandmothers often didn’t think to be included in discussions about estate planning.
But why wouldn’t you want to be involved in decisions that have a direct bearing on your future security, especially since it’s increasingly likely you’re contributing significantly to your savings–perhaps even the larger share.
I want to help you overcome any hesitation you might have about playing a more active role in shaping the kind of future you want to have.
Estate Planning is About More than just Finances
I’ll start by pointing you to [the estate planning questions you may not be asking yet], like…
- If you’re single, how will you secure your care if or when you need help?
- What do you want your family and loved ones to know about to what lengths you’d prefer medical intervention to prolong your life?
- If you have minor children, who do you designate as a guardian?
- Do you and your spouse/partner have transparency about how pension and retirement distributions are allocated?
- Who is in charge of your estate?
- If you or your spouse have significant assets that you’re bringing to a new marriage, have you prepared a revocable living trust that says what happens if one of you dies?
No matter how old you are or how much wealth you may have acquired, even a modest amount of time and effort will pay huge dividends in the form of greater financial security and peace of mind down the road.
Once we start, I’m sure you’ll agree with my clients that effective estate planning is not as daunting as it seems.