Series: 9 Mistakes to Avoid in Retirement Planning
Planning for retirement means preparing for events we might rather ignore. Who wants to think about dying and whom to leave what to when we go? Who wants to talk about a scenario where we can’t care for ourselves and what happens then, who will take care of us? These difficult topis are precisely why wills, living revocable trusts, and other legal documents are crucial.
If we don’t get these legal documents in place, that doesn’t mean those events aren’t going to happen. It only means if and when they do happen, there will not be a proper structure in place to handle those affairs as we would like them to be handled. It becomes a potential problem for those that we expect will handle things for us.