Monday, September 14, 2009

Weekly Savings Tip: September 14, 2009

End-of-Life PlanLife can change quite suddenly and unexpectedly. Decision-making during these stressful and vulnerable times can be difficult and the results can often have far–reaching consequences. The key is knowing the issues and having a plan in place before the unexpected happens.
Whether you are currently dealing with the loss of a loved one, caring for an aging parent, or own a business or have children and need to be ready for the future, a new free resource, A Guide to Financial Decisions: Implementing an End-of-Life Plan, will identify many of the issues, decisions and programs of which you should be aware, such as:- Guardianship for Minor Children: Choosing the person who will care for your child if you are unable to do so is a critical decision for all parents. Learn why it’s important to name a guardian in a legally executed will or trust so that your children are cared for by the person you designate.- Titles: Choosing the person to be the listed owner, or “title holder,” to your various assets, such as your home and financial accounts, is an important decision. Learn more about the steps to take to ensure that your wishes are known and respected.- Life Insurance: One of the most common reasons for buying life insurance is to replace the loss of income that would occur in the event of your death. Learn about the common types of life insurance policies to ensure there are funds available to support your family in the case of your untimely death.This guide, developed by certified public accountants, is the result of a vision brought to the American Institute of Certified Public Accountants by Hospice of Michigan and the Michigan Association of Certified Public Accountants.
For more information, visit the 360 Degrees of Financial Literacy Web site.Visit for more money-saving tips!

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