Greetings everyone! I hope you are enjoying your summer; I certainly am, as the 2024 tax season is finally over!! It is now time for slower, warmer days. This newsletter is for July and August as I plan to take August off to get some rest.
I received a notification about the passing of a friend in June, and of a student at my child’s school in July, so I decided to pick estate planning as a topic for this time. What is estate planning? According to Investopedia, “Estate planning refers to the preparation of tasks that manage an individual's financial situation in the event of their incapacitation or death.” Source: https://www.investopedia.com/terms/e/estateplanning.asp Or if I may put it in my own words: Estate planning is making a plan on what to do with your finances and yourself (your body/health) when you are incapable or when you die. Thus, this includes creating legal documents such as Will, Power of Attorney and Healthcare Directive. Did you know that the Bible also talks about Will & Estate Planning? I was listening to an audio Bible some time ago and was surprised to hear 2 Kings 20:1, when God talked to King Hezekiah. Here is a quote from New International Reader’s Version: “In those days Hezekiah became very sick. He was about to die. Isaiah the prophet, the son of Amoz, went to him. Isaiah told Hezekiah, “The Lord says, ‘Put everything in order. Make out your will. You are going to die soon. You will not get well again.’ ” I thought “Wow, God does ask us to take care of our stuff before we die!” So, here are this month’s tips.
Enjoy summer while it lasts, wherever you are, and see you in September!
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AuthorCommitted to help clients to be literate about their personal financial situations, to reduce their money-related stress, and to help them achieve their financial goals. Archives
December 2024
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