Creating a Smart End-of-Life Plan…
Pre-Planning a Funeral is an Important – But Often Overlooked – Part of a Sound Financial Plan
So many people and financial professionals spend their entire lives attempting to create “the perfect financial plan” with the hopes and dreams of becoming financially successful and independent. However, the sad reality is that most people, including financial professionals, overlook or ignore the only thing we can guarantee in our lives…which is some day we will die.
Working as a financial advisor for the past 23 years, I have been helping my family and clients coordinate and integrate strategies into their financial plan that are designed to help protect against harmful life events. This is usually accomplished by using products that help protect and insulate. These includes things like Car and Home Insurance, an Umbrella Policy, Health Insurance, Life Insurance, Disability Insurance, Long-Term Care, a Will and/or Trust, Business Insurance, Annuities, etc.
Just about everyone agrees that things like life insurance, Wills, Trusts, etc., are important components of a sound financial plan. The reason why is because we all understand that some day we will die, and we also acknowledge that it could actually happen suddenly and unexpectedly. Therefore, we all know the main purpose of these types of financial planning products and strategies is to help relieve some of the emotional and financial pressures our loved ones will be forced to deal with.
Although this is largely overlooked or ignored in the financial planning industry, I firmly believe that end-of-life planning is an equally important and integral part of a sound comprehensive financial plan. My person mission is to work hard towards changing this.
Losing my mother was, by far, the worst experience of my life. However, it has become a helpful learning experience and tremendous inspiration for me. My goal is to work hard to encourage the financial planning industry to educate and train more in this all-important topic.
Here is a page on our website that might be helpful, called “The Three Most Common Preplanning Options”. This page also has a place where you can obtain a free copy of a Family Record Guide.
I hope this help!
Christopher P. Hill, Founder
http://www.funeralresources.com
