Family Financial Planning

Protecting-your family-future

One of the best things you can do when you get married is ensure that you put the right things in place to protect you and your family while living and after you or your spouse passes away. Whether putting a plan in place to cover the costs associated with a funeral, your children’s college tuition, or life insurance to cover the cost of your home and living expenses, there is a tremendous peace of mind that comes with the knowledge that your family will be taken care of.

When it comes to protecting your family’s future, it most often revolves around financial security and end of life. To ensure you have the right things in place, taking time to create an estate plan can help make the process move in the right direction.

There are many different tools that you can choose from to secure your assets, property, and finances such as:

  • Wills and trusts
  • Medical directives
  • Life insurance
  • Healthcare insurance
  • Durable power of attorney
  • Savings and retirement accounts

Also, there are steps you can take along the way to increase the chances of preserving what you build such as:

  • Carefully manage any risks associated with financial plans
  • Periodically review your estate plan and documents
  • Think long-term
  • Avoid chasing after financial fads
  • Live within your means
  • Pay off debt quickly

Regardless of the path that you choose, when it comes securing and protecting your family’s future, a little planning can go a long way.

Dealing Wisely With Marriage, Money And Property

When you’re single, you get to call all the shots. You decide what to buy and how to buy it. …

3  min read

Avoiding Problems With Property Management In Your Marriage

Some of the most important conversations a couple must have involve property. Unfortunately, these conversations can also be among the …

3  min read

Achieving Financial Goals : A Checklist For Newlyweds

According to a recent study, money causes couples about five fights per year. Therefore, if you can take the financial …

4  min read

Protect Your Good Credit After Marriage

The relationship between credit and income is very strong in our society, and if you have a bad credit history, …

3  min read

Why a Lasting Power of Attorney Can Be Important for Your Marriage

Each year it is estimated that thousands of people have an accident or develop conditions that are detrimental to their …

3  min read

Do Married Couples Need a Power of Attorney?

Many people do not know what a “power of attorney” is, much less whether they need one. Adding to the …

3  min read

Debt and Marriage: Am I Liable for My Spouse’s Debts?

A common question people have is the extent to which they might be liable for debts incurred by their spouses. …

3  min read

Rights and Benefits of Marriage

Although a couple may not need a marriage certificate to care deeply about one another, there’s no denying that one …

5  min read

Financial Tips: Saving for Your Family’s Future

When a couple gets married, it is important to create and maintain financial stability, including being able to cover unexpected …

2  min read

Importance of Advanced Healthcare Directives in Marriage

When it comes to being prepared for death, whether unexpected or later in life, one of the most important things …

3  min read

1 2