This is a good end-of-life planning article — written from a financial planner’s point of view.
Two key points are made in the article:
First, by not completing estate planning documents, IRA beneficiary designation forms, and funeral planning, people are potentially creating family strife.
Second, it’s important to talk with family members about these plans, even if we are part of the “silent generation” who avoids these topics. One of the financial planners quoted in the article believes there should be a “Death Planning Day,” where we are all forced to address these important topics with our families and executors.
Here’s a link to the article:
PORTFOLIO – ESTATE PLANNING
Financial Planning Magazine
End-of-Life Planning Mistakes to Avoid
BY: KATIE KUEHNER-HEBERT
FRIDAY, NOVEMBER 1, 2013