MrsSilverlight
Plinker
Wooden canoes would probably be a great investment for all of you wanting to go out in a blaze of glory.
If you are preparing yourselves for end of life arrangements, highly suggest getting an attorney and setting up a trust. There are attorneys that will charge a sliding scale for those of us with less assets and they'll also help make sure your will and dictates are fully funded.
If you don't qualify for life insurance (term or whole life) there are other options to put away money. My husband never qualified for LI due to his medical issues, and we're not even 30.
Talk to your parents and your children so they know either who is handling your paperwork or where to find it, and try to have all the policies in one place. Several of you mentioned you've already done that, so that's awesome.
We have four kids, if something awful happened and I didn't come home tomorrow, we have some things in place to cover living expenses for a few years. Lost income shouldn't be the most important focus, but it is a defining factor in quality of life for those that are left. I wouldn't hesitate to go through the process to figure out what that number would be. Unless it's a Rapture.
We lost our son two years ago, and it was the worst experience figuring out where to go to have him cremated. I don't want my family going through that. We all pass away at some point, and I wanted to make sure I lessened that burden on them. And I had helped my mother with both of my grandparents arrangements as an early adult. Drastically different circumstances, but in the end there are only so many options. I promise I'm not on a soapbox, the decisions are hard all around, but much easier when you have a say in what happens when you pass on than a grieving family.
If you are preparing yourselves for end of life arrangements, highly suggest getting an attorney and setting up a trust. There are attorneys that will charge a sliding scale for those of us with less assets and they'll also help make sure your will and dictates are fully funded.
If you don't qualify for life insurance (term or whole life) there are other options to put away money. My husband never qualified for LI due to his medical issues, and we're not even 30.
Talk to your parents and your children so they know either who is handling your paperwork or where to find it, and try to have all the policies in one place. Several of you mentioned you've already done that, so that's awesome.
We have four kids, if something awful happened and I didn't come home tomorrow, we have some things in place to cover living expenses for a few years. Lost income shouldn't be the most important focus, but it is a defining factor in quality of life for those that are left. I wouldn't hesitate to go through the process to figure out what that number would be. Unless it's a Rapture.
We lost our son two years ago, and it was the worst experience figuring out where to go to have him cremated. I don't want my family going through that. We all pass away at some point, and I wanted to make sure I lessened that burden on them. And I had helped my mother with both of my grandparents arrangements as an early adult. Drastically different circumstances, but in the end there are only so many options. I promise I'm not on a soapbox, the decisions are hard all around, but much easier when you have a say in what happens when you pass on than a grieving family.