9/15/2023 0 Comments Slate funeral home![]() ![]() ![]() “So everyone should have a power of attorney in place for finance, and an advance health care directive.” And like wills, they don’t necessarily require lawyers or money to produce. “Anybody can get hurt or sick,” says Hanks. This agent can assist in writing checks, paying bills, paying taxes, and other day-to-day tasks that you could potentially need assistance completing. Louisiana’s Anti-Porn Law Is Having a Very Bad, Very Unexpected EffectĪ springing power of attorney for finances will empower someone to make basic financial transactions on your behalf in the event that you become incapacitated. The Deranged Scene at a 24-Hour Nonstop Marathon That Takes Place on One Tiny, Maddening Track The Truth About Bill de Blasio’s “Separation” Inside the Weekend’s Gathering of America’s Most Unhinged Right-Wing Moms “By purchasing a policy young, you’re saving on cost while optimizing coverage during the time period that you are likely to have children, acquire assets, and grow your income.” “It’s significantly cheaper to purchase a life insurance policy in your 20s than in your 30s, and even more so compared to once you’re in your 40s,” says Rogan. A 30-year-old can pay as little as $9 per month for a 20-year-term $100,000 policy. For a $250,000 20-year-term policy, a 25-year-old man can expect to pay around $17 per month, and a woman the same age would be on the hook for around $14. Term life insurance is a strong investment that can come at a very reasonable cost. “So, everything you can do to prepare for the worst case, and protect those that depend on your income, is a service to yourself and to your loved ones.” “The trauma that comes with catastrophe can easily be compounded by complicated decisions and insurance logistics,” says Emily Rogan, the senior program officer at United Policyholders. Life insurance could have helped buoy me through the hardest transition periods and offered me a different financial quality of life. ![]() I had to juggle multiple jobs to keep pace with our financial responsibilities and planning. Strangely, it was more in line with my own instructions to Eli about what I want for my future memorial service: “Do whatever you want.” I said this to him flippantly on a long car drive once, turning up the music before adding, “I think funerals are for the living, not for the dead.”Įli did not have life insurance, which meant my financial safety came from family and friends. I needed to wear black and I needed to mourn deeply, so I did. But his death was a tragedy, devoid of celebration, devoid of our future generations, devoid of the optimism and brightness that red can imply. “Everyone should wear red,” he once told me while smiling and imagining a gathering of his children, nieces, nephews, and grandchildren. He had voiced that he wanted his memorial service to be a celebration. ![]() I followed all of Eli’s preferences, except one. How do you want me to carry your legacy and memory? What are your thoughts and preferences on organ donation? Where do you want to be buried? Or where do you want your ashes spread?Īny specific requests for your funeral or memorial service? Instead of the short online forms we could have used to complete the list while Eli was alive, these tasks now required meetings with lawyers, decisions from probate judges, discussions with accountants, tedious debates with stringent insurance companies, and long, emotional phone calls with banks’ change of ownership offices. When that tragedy became not only imaginable but real, I found myself picking up the pieces of both my shattered heart and the convoluted consequences of our incomplete to-do list. There was little urgency-we were young and healthy, and we’d assumed there would be plenty of time to dot the i’s and cross the t’s of the paperwork that would only be needed in case of unimaginable tragedy.īut our assumptions proved wrong. Many of the logistical and legal tasks that we needed to complete following our marriage-like updating beneficiaries for retirement accounts, purchasing life insurance policies, and arranging advance health care directives-had spent months languishing on a to-do list. ![]()
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