Emerson Publications

This is an excerpt from Gary Halbert’s weekly newsletter, Forecast & Trends:
“Death Panels” Aside; End-of-Life Planning is Important

Read full article here:

Conclusions

As I stated at the beginning of this article, I wanted to keep my comments non-political and generally focused on basic end-of-life financial matters. There are many other estate planning and family considerations to be made in addition to the above items, including deciding guardianship of minor children, setting up and maintaining trusts, establishing a succession plan for sole proprietors, funeral expenses, etc. However, all of these are far beyond the scope of this short E-Letter, and most require the services of a qualified attorney and CPA.

Suffice it to say that there are many financial, legal, and family issues to be considered upon a person’s death. These issues can either be dealt with prior to death through careful planning with qualified professionals, or left to bereaved survivors who will have to face these issues during a period of great stress and turmoil.

If you are reading this E-Letter, it is likely that you are the financial partner in your family. If so, I suggest you carefully consider the suggestions I have given and take steps to inform and protect your loved ones upon your death. I also encourage you to order the All They’ll Need To Know booklet and complete it with the help of your non-financial partner. This will help him or her see the importance of becoming involved in the family finances.

While the subject matter of this week’s E-Letter may be less than cheerful, it is nonetheless important, especially in terms of long-term financial and estate planning. We all know that none of us are guaranteed to see tomorrow, so pre-death planning is an important consideration for anyone who wants to make it easier for their surviving loved ones.

That’s all on that subject for now. I hope this helps.

Gary D. Halbert, President
Halbert Wealth ManagementAustin, TX
http://www.halbertwealth.com/