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FINANCIAL PLANNING
HAVING YOUR FINANCIAL AFFAIRS IN ORDER
fun conversation and most people often avoid getting their financial affairs in order because they simply don’t want to deal with it. There
is a certain inflow of emotions that come with end-of-life planning, and it brings a fair amount
accounts, property, and your personal and medical information so that trusted individuals in your life can manage your estate and affairs in a timely and efficient manner. I’m a big advocate of the mental security that comes
by Cade Peterson, Financial Planning Advisor
Alife can be completely altered in the matter of seconds. There is always risk of injury no matter what we are doing. We know that
at any given moment we could find ourselves in a car crash or suddenly taking ill. We live
in a world where we have to live in the present moment to avoid driving ourselves crazy. A rather important part of the business I’m in
is to plan for the end of one’s life. It’s never a
of stress if not done correctly. Recently, a horse trainer that was well-acquainted with my family passed away unexpectedly. I figured it would be a good opportunity for me to talk about how to financially prepare for the expected.
So, what exactly does it mean to have your financial affairs in order and why should you take the time to do it? These are the questions I’m going to answer for you in this article. I’m also going to give you some tips to help ensure you get an estate plan in place.
Getting your financial affairs in order means to legally arrange your financial
with having your finances in order.
Once your financial affairs are buttoned
up, you can feel secure and relieved. If you were to pass away, you know that your kids or desired heirs will receive exactly what
you want them to receive. You can save your family a considerable amount of time and potentially a lot of unnecessary expenses just by getting your affairs handled. Too often families are torn apart over conflicts arising due to a neglected estate plan. I have a couple quick examples of high-profile estate planning mistakes:
Once your financial affairs are buttoned up, you can feel secure and relieved...Too often families are torn apart over conflicts arising due to a neglected estate plan.
118 SPEEDHORSE November 2022