Money Matters: Starting a will during National Estate Planning Week
This week is National Estate Planning Week, and what better time to get started on your will?
In a new trend, it’s reported that less than one third of Americans have a will. So, Great Waters Financial expert Barry Bigelow is helping us get started.
He says, “Not having a estate plan really leaves the people who are left over in your life having to pick up loose ends and spending hours trying to find documents and trying to ascertain what were mom or dad’s wishes. And so it’s important to have an estate plan because of that.”
Barry adds that there are two different wills to be thinking about. He says, “A regular will is for when you’re gone. A living will can be called a power of attorney for financial and a power of attorney for medical. So making decisions about things, whether it’s paying insurance or a phone bill when you’re incapacitated or making sure that there is someone designated to make medical decisions when you’re not able.”