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Important Life Documents - DONE

August 22nd, 2008 at 10:44 am

I just got back from my husband's office where we got our wills, advanced directive and durable power of attorney for health care documents notarized. YEAH - I can now check off one of my goals on the sidebar. I'm glad we've gotten that done; it brings such peace of mind.

We also have most of the paperwork for a living revocable trust done, but we need to ask someone to be the successor trustee (we have a person in mind, just need to talk to them). We also need to take it to an attorney and have it looked over. Once all that is done, we will feel completely set (for now) with having those important life documents in order.

5 Responses to “Important Life Documents - DONE”

  1. merch Says:

    Very nice work. Great job. So many people don't get these papers done. Again, great job.

  2. Personal Finance Student Says:

    Thanks merch! I started to better fully understand the importance of it when I first read Suze Orman's Nine Steps to Financial Freedom a couple of years ago, it just took us forever to decide on guardianship. It was after reading this book that we got our life insurance in place too; the peace of mind that these things bring is amazing.

    If anyone is interested, I have since learned that hospitals offer a form for an advanced directive FREE if you just ask.

  3. MariRDH Says:

    Yup, the reason we don't have a will is because we can't figure out who to give guardianship of our child to! Our parents seem too old, and for one reason or another our siblings don't seem too great either. *sigh* I guess we need to make some really good friends who are good guardian material! Wink

  4. Personal Finance Student Says:

    MariRDH - It helped us to finally accept the fact that no one, even family, would seem perfect as a guardian. (We're the only ones perfect enough to be parents of our children!) Smile We didn't want to use parents either, for the same reason as you. We decided that we wanted family (so our child would grow up knowing family), even if it was a cousin, someone who has the same religious affiliation as us and lastly, who have a stable family life and our son knows. I feel good about who we finally settled on and figure, we'll re-evaluate every few years. Good luck with making your decision! It can be hard, but even if they aren't "perfect", if you know they'll love your children and you have it taken care of, it feels good.

  5. MariRDH Says:

    Funny you should mention it, religious affiliation is the biggest problem for us. It cuts out my entire side of the family so that narrows the choices considerably. We were talking about maybe making it a parent now and changing it in a few years, but I have a feeling we'd never get around to that. It is definitely a difficult decision.

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