post Category: Financial post postAugust 18, 2009

Can a good stock portfolio comfort you when your heart is broken? No. But a life rich with people you love can. The emotional foundation of your life is no less important than the financial structure you create. That is why, in building your financial structure, you must begin with the people you care about. Each of the following topics is equally important, and all are essential for you to know about to be responsible to yourself and those you love.
Wills and Trusts. What are they? How are they different? Do you need one? Do you need both? What if you change your mind about what you want to happen to your estate? How old should you be when you get one? How much should they cost? What happens if something happens to you and you don’t have one? Can a trust benefit you while you’re alive? Can you rely on your attorney for guidance in this matter?
Durable Power of Attorney for Health Care. What is it? Why should you have one? When should you have one? Is it complicated to do? Is it expensive?
Life Insurance. Do you really need it? If so, what kind? How much coverage do you need? What are the cheapest ways to buy it?
Long-Term-Care Insurance. Why is this the most important kind of insurance you can own? What does it insure? Who should and should not buy it? When should you buy it? How much will it cost? How can you tell if it’s a good policy?

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