Productive people have systems for things and elements of their life set up. This series of articles is for everyone who will die someday. It's about leaving people with heartache and no headache. We started with Collecting a Record of Your Things. Now it's time to have The Conversation. The conversation that I'm referring to is with a lawyer. [Part 2 will be the conversation with your parents (benefactors) and/or kids (or other beneficiaries)]. By way of definition: Benefactors leave money & assets to someone or something such as a charity. Beneficiaries receive the benefit of assets left to them. Assets are things with value from a business to a ring.
Let's assume that you have this terrific (complete) list of your assets. Kudos, you've already saved yourself a lot of money in professional fees. Now you need to find a good lawyer. Then, you have to have the conversation about some major things namely your
- Power of Attorney for Health Care
- Power of Attorney for financial matters
- Living Will
Let's start with finding a good lawyer. Go back to your pad of paper or spreadsheet, start a new sheet and write the characteristics and experience you want the lawyer to have. As a starting point, things I care about:
- Has done lots of wills and trusts