Comfort: A Word We Need To Think About For Our Families

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

Published By B. Patrick Carter, CPA

If we lived life in reverse, think of all of the confusion and problems we could potentially avoid. We could provide for our families in a much more efficient manner, covering all of those things that seem unimportant to us now or decisions we avoid because of our daily indecisiveness.

Take a minute and think about some of those simple things. Things that may only take an hour or two of our time now, but will save our families countless hours (and in many cases hours of anguish) during a difficult time. What a precious gift we can give to our loved ones when we are no longer here to protect them.

I am talking about four priceless documents that every one of us should provide to our families now, because one day they could provide immeasurable comfort to them. Those documents are:

  • Will
  • Healthcare Representative
  • Living Will
  • Power of Attorney

The proper execution of these documents will only take a few hours at best now, but will save your family untold hours of stress. Many issues that arise in estates find their root cause of failure is securing these documents.

Each of the above documents can be prepared quickly, by an attorney in most cases. Each document is important on its own and every estate, regardless of size or age, needs to have these completed.

Just as important as preparation is the proper storage of these documents. Some individuals have gone to their attorney and had them prepared only to store them in a less than secure location. Things to consider in storage are:

  1. Safety
  2. Accessibility
  3. Security
  • Safety will be to protect the documents from fire and other events that could damage or destroy them.
  • Accessibility dictates the ease of retrieving the documents when needed. This item is extremely important!
  • Security shields documents from outside use and retains knowledge of contained information.

In this digital age, secure storage is available with easy accessibility. Such an example is Carson Wealth Management’s online storage vault. The vault can be accessed 24/7 and has a high level of encryption provided. The vault also has the capabilities to provide storage for any document where such storage would be needed.

If we were to imagine an event occurring where a client is critically injured and all family members are away and a healthcare decision had to be made within minutes, the use of the vault would allow instant access to the document (healthcare representation document). The document can be emailed directly to the healthcare team treating the individual, perhaps answering life-saving or life quality decisions. This one decision to properly store important documents allows the individual the freedom to live life in the style they desire.

If you would like to discuss the advantages of the vault and why its storage is so vital to your estate plan and general storage needs, give us a call at Carson Wealth Management and we will be pleased to give you a guided tour and discuss your financial and estate needs with you.

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

Get to Know Your Risk Tolerance

When constructing a portfolio, it’s critical to understand three important factors: your goals, your time horizon, and your risk tolerance. Of those three, risk tolerance can be the trickiest to get a handle on, especially since it can be determined in large part by your emotions and how we …

Growth Stocks vs. Value Stocks

Stock investing is an important engine of growth in your portfolio, but deciding on an investing strategy and particular stocks can be challenging. When designing a diversified portfolio that minimizes risk, it can help to think of stocks as falling into one of two categories: growth stocks …

Financial Resolutions to Take Into the New Year

Tom Fridrich, JD, CLU, ChFC®, Senior Wealth Planner Thinking about making some New Year’s resolutions? Add financial wellbeing to your list. It’s a terrific time to identify goals and opportunities that may put you in a better financial position — not only in the upcoming year, …
1 2 3 4 5 106 107 108

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation