Estate Planning
Weekly Round Up: June 21, 2008
Here are some of my gavorite blog articles from the past week.
Get Rich Slowly was recently named the most inspiring money blog by Money magazine. J.D. published his twelve key beliefs that form the core of the Get Rich Slowly philosophy in The New Reader’s Guide to Get Rich Slowly.
The Simple Dollar presetned some thoughts on [...]
Calculating How Much Life Insurance I Need?
Over the last few years my income has changed rather steadily and we’ve had another baby. So it’s time to re-evaluate my life insurance coverage.
I view insurance as protection to my family in case I should suddenly die. I want to ensure that my wife and children are adequately taken care of and that they are not unnecessarily burdened as my income is a significant portion of our household income. I do not view insurance as a windfall for my family, but simply a mechanism to replace certain obligations that I have and will cover through the years.
Why Life Insurance?
In the accounting world we refer to insurance as a form of risk management. For the everyday American, life insurance protects those who rely on your pay check: If you die unexpectedly the life insurance will protect your family and dependent by providing replacement income. Think of it as the ultimate emergency fund that covers [...]
Why Have a Will?
The Will is a legal document that serves three essential and important purposes. First, the Will documents who you have identified as beneficiaries in your estate. Second, the Will appoints who will administer your estate after your death by appointing an executor. Finally, the Will documents how you would [...]
