Cover Your Assets Checklist
Learning a lot from the health drama I experienced in 2016 taking care of my husband and his various surgical complications, I also learned what assets we had overlooked in preparing for his first surgery. Not taking the time to review them as a couple and to make sure we had all of our t’s crossed and our i’s dotted proved to cause a lot of stress. Why am I blogging about this now? Because I recently had surgery myself and the review of our assets literally took us 10 minutes. We were prepared.
What do I mean by assets? Finances. Legal Rights. Health – your #1 asset. You want to make sure all of them are covered so nothing is left for question. I’m the first one to realize these are not necessarily easy conversations to have but they are vitally important. Blowing them off either consciously or unconsciously can prove to be costly and stressful.
What makes me an expert? Well, my husband was in a coma. He could not sign our tax return and I did not remember I had a Power of Attorney from him in order to take care of household business. Luckily, I did not need the Medical Power of Attorney but I learned how important it is when the person you are making decisions for cannot speak for themselves. Powers of Attorney along with a Will and Advance Directives are the basics to taking care of your Legal Rights.
Making sure you take care of your health every day is just as important. In fact, if you don’t take care of your health where will you live and how will your lifestyle be changed – for the better or worse. We all have concerns about our health. Generally, we have our top three concerns. To learn more about your top three concerns and a next step you can take, complete this Personalized HealthPrint Assessment for some free advice.
Knowing where your finances are located (banks, financial planner, etc.) are important as well. Leaving the finances to just one person in your household can make for a very stressful time when you need to identify where they are and IF you have access to them. Oftentimes, we are not comfortable learning about our finances and it generally defaults to the person who is more comfortable. It involves following the math. Nevertheless, knowing the basics can be beneficial.
Get your CYA (Cover Your Assets) Checklist here. When you download it and review it you might be a little overwhelmed. I’m happy to walk you through it and identify what your next priority it. Reach out. I’m here to help you avoid the mistakes we made.
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