The Survivor Guide section presents only basic information to get you started
on planning your estate. Other topics to consider are: how to calculate the value of your estate, establishing a trust, gifting,
guardianship when a minor child is beneficiary, long-term care insurance, geriatric care management and legal ways to transfer
property. This is not an all-inclusive list. Choosing the best estate plan for you depends upon your personal circumstances.
Please seek professional advice because it is your will, and your legacy of love, for all those left to grieve for you.
Refer to the first page of this section, Survivor's Guide, for thoughts on do-it-yourself wills. If you decide to go this route, be certain that the document is specific to your state
of residence or it may not be a legal will.
References:
The content of the Survivor's
Guide is based on my own encounter with wills and probate, and good old Internet research. I tried to be as accurate
as possible but tax laws are always in flux. It is wise to verify that your facts are current before making any financial
or legal decisions.
Recommended
Book:
Barfield, Dana. My Friend Just Lost Her Husband. TBG Publishing, LLC, 2010.
Edited Product Description:
The loss of her husband has been described as the most difficult thing a woman ever encounters because what was once
a source of security, has disappeared into a sense of profound uncertainty. My Friend Just Lost Her Husband provides
the tools necessary to rebuild the sense of sustained security that women intrinsically seek. Written as the result of Dana
Barfield's years of experience in providing financial advice and management for widows and divorcees, it combines these
first-hand shared and observed experiences, with extensive interviews from other women who have rebuilt their lives after
the loss of their mate.
My Friend Just Lost Her Husband
is unique because it the first financial book to consider topics, though seemingly unrelated to finance, that forcefully impact
financial decision making: Changes to her thinking as a result of the loss; how her grieving affects her decision making;
who is a trustworthy friend; how and why that friend must help at this time; criteria for obtaining the right financial advice;
how and why women find themselves involved in a financial or relational horror story; and dealing with taxes, health insurance
and investments.
In clear and simple language, Barfield describes
the need for a benevolent friend and guide who has only the well-being of the surviving spouse and family in mind. The
author has the moral investment experience to offer solid guidance, encouragement and wise support. He understands the emotional
shock and crisis of the sudden death of a spouse, with insight into the issues of vulnerability. Barfield offers safeguards
that protect the new widow from the greedy, clever and persuasive offers of help from persons intent on diverting assets from
the spouse [and family] into their own accounts through deception.
Refer to the links below for detailed information on
managing money after the death of a loved one, especially the difficult, but immediate, tasks that require certified copies
of the death certificate.
Learn more about will and living trusts at: legalzoom.com
Find an estate lawyer in your area: legalmatch.com
From estate planning attorney W. L. Taylor: Eight Important Steps When a Loved One Dies
More helpful topics from estate lawyer W. L. Taylor: www.wilfordtaylor.com/articles.htm
Estate planning online (wills/powers of attorney): legacywriter.com
From KidSource.com: Estate planning/trusts with your special needs child in mind
NAMI.org: Estate planning guidance system when your loved one has a disabling mental illness
Your
digital legacy:
What happens to your digital data when
you die? Consider that you now have an electronic estate of personal information including user names, passwords, pictures,
social media accounts, financial and legal documents, stored credit card numbers, iPhones, banking and online bill paying.
Make your digital legacy part of estate planning by arranging for the deletion or transfer of online accounts upon your death.
Learn more at: www.thedigitalbeyond.com
Don't forget your pets:
Estate provisions
for pets: veterinarypartners.com
Estate planning for pet owners: professorbeyer.com
Go to next section: Kindred Spirits