Wednesday, December 30, 2020

In Case You Get Hit by a Bus

IN CASE YOU GET HIT BY A BUS by Abby Schneiderman, Adam Seifer, and Gene Newman provides “A Plan to Organize Your Life Now for When You're Not Around Later.”  It is actually a great idea, especially as the New Year approaches and with many of us looking for productive ways to spend time during the pandemic. The authors begin with a section on why planning for a sad, but inevitable event is so important. First, they cover “stuff” – those passwords, money and securities, and your home. Next, they focus on assembling the pieces (wills, trusts, power of attorney) and debt as well as medical insurance and checkups. The third section is much more fun – compiling memories or photos to be able to share the story of your life. The authors acknowledge from their own experiences that these tasks can be overwhelming and therefore provide helpful “plans of attack.” They stress that this work is not really about death; “it’s about life because getting everything organized lets you live to the fullest.”

The Wall Street Journal, of course, offers frequent articles about digital options for financial planning and often refers to Everplans, the company that Schneiderman and Seifer co-founded. For a bit of perspective, here is an older (2014) interview with co-author Abby Schneiderman:

 

On a related note for those who are interested, legal firms have begun offering pro bono estate services for teachers forced to return to the classroom.

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