Drafting a Living Will
Preparing for death can be a sobering experience, but the good news is that once you’ve got the planning out of the way you can focus on enjoying life. No one wants to leave family and friends with a financial and logistical burden after death, and by drafting a living will you can prevent that scenario from ever playing out. The first step is to contact a lawyer you trust – or have a close family member make the arrangements.
You’ll be instructed to compile a list of all of your assets – both real and financial. Real assets include vehicles, homes, jewelry and other tangible valuables. Financial assets include shares in stock, savings bonds and the like. Then elderly planning entails systematically deciding which assets should be bequeathed to what particular inheritor. Finishing this process will give you serious peace of mind.