Are You Protected By Common Law?
Are you protected by common law?
This is the place to find all content related to anything death, dying, end of life and financial. Find information about life insurance, trusts, estate and legacy planning and other financial topics.
Not all of us have the luxury of knowing that we’re going to have a need for things like funeral arrangements and legal documents and financial arrangements. By making them in advance, things are there when you need them, so that when a death unexpectedly occurs, as it did in this scenario, you’re protected.
So this gentleman and his son come in and this gentleman is not happy. He is not happy to be talking about his death and his funeral, he’s not happy to be in a situation where he is selling his home in order to go into a nursing home.
Moral of the story: Don’t depend on anybody else to protect you. Get insurance for yourself.
You and your spouse decide to get divorced. It’s amicable, you create separate households, you separate your finances, the kids are fine. You just never get around to doing the legal part of getting a divorce. What’s the worst that can happen, right?
“realized my husband didn’t leave me anything. All of the beneficiaries for all of his life insurance and stuff is going to his kids. So I’ve lost 60 percent of my monthly income and have no insurance proceeds to backfill my finances. Which means I have to sell this house immediately. “
I’m Michelle Carter, your End of Life Coach here to answer your most frequently asked questions. When is the right time to plan for end of life? Well, the answer is right now. Right now, when you’re not in a crisis situation, when you’re not worried about what’s going to happen next or how to …
Talking about death isn’t easy. Some people just can’t do it because fear, superstition, manners or something else gets in the way. While it’s easier to avoid awkward and potentially painful conversations in the short term, the long term consequences can be devastating, especially if a death occurs unexpectedly. That’s where your coach steps in. …