Everyone has a horror story of an estate (big or small) that wasn’t settled smoothly. Usually it’s because there was no will (or no updated will), or because the contents of the will came as an unhappy surprise to someone.
Squabbling over an estate or final arrangements has to be the one of the worst legacies a person can leave to loved ones. So…what arrangements will you leave behind – have you ever discussed this with your family or friends? Let’s make it a game, and give you a score:
- Give yourself 5 points if you know how you’d like your property dispersed if you pass away, and who you’d like to oversee your estate.
- Give yourself 10 points if you actually have a will
- Give yourself 5 more if it’s up to date
- Give yourself 3 points if you know where it is – make it 5 if both you and someone you don’t live with know where it is.
- Give yourself 10 points if you have a medical proxy (advance care directive), and 5 more if you’ve actually discussed it with someone.
- Give yourself 5 points if you have someone to handle your finances if you are unable to do that.
- Give yourself 5 points if you’ve told your family what final arrangements you’d like (cremation, interment, special songs, big wake, no funeral, etc…), and 5 if you’ve written your instructions down so they can be located.
Alrighty, then… how did you do? Are you better or worse prepared than you thought you were?
- 0 – 15 points = You probably need to think about this…
- 18-35 points = You’ve given this some serious consideration
- Over 35 points = Sounds like you have a thoughtful plan in place!
As part of my retirement theme, I offer this weekly Thursday “Future Challenge” to get people of all ages thinking in general about their futures and/or retirement. Each challenge goes with a post of my own on the same general topic. Hopefully we’ll start some interesting discussions!
If you’d like to share what you think, or post on it, that’s great – and I’d love it if you’d share those thoughts in a post or comment (please tag posts TRS Future Challenge and link to this post) so others can also see them.
If you choose not to share them, that’s fine too – but with any luck, you’ll still gain some insight on where you’re headed (or would like to be), and how you can get the most out of your own journey.
For my own take on this week’s challenge, see my post, Where There’s a Will….