Tips for Getting Your Affairs in Order | The Odyssey Online
Start writing a post
Adulting

Tips for Getting Your Affairs in Order

Everyone is expected to die someday, and it's best if there are plans already in place for what to do after you pass. This saves time, stress, and the chance for potential conflict among you loved ones, as well as takes any confusion out of what your wishes would have been. Here are some tips for getting your affairs in order.

3
Tips for Getting Your Affairs in Order

If you're like most people, you probably don't have your affairs in order. That's understandable as life is busy and it's easy to let things slide, especially if you don't see yourself dying anytime soon. However, if something happens to you it's important that your loved ones know what to do with what you leave behind and where to find information on your wishes after your passing. That's why it's better to have your affairs in order, to take the stress and guesswork out of figuring out what you would have wanted after you'd passed.

Make a List of Your Assets

One of the first steps in getting your affairs in order is to make a list of your assets. Your assets include anything you own or that has your name on it, like all property, savings, investments, and possessions. Once you have made a complete list of your assets, you can begin to determine what you would like to do with each one should you happen to pass.

This process can be helpful in deciding how to distribute your assets in the event of your death, however likely or unlikely that might be at the time of reading this. For example, you may want to make sure you leave certain property or possessions to specific family members or friends. Alternatively, you may decide to sell all of your assets and donate the proceeds to charity rather than let someone else inherit them. Making a list of your assets is an important step in planning for the future and ensuring that your wishes are carried out.

Hire an Estate Lawyer

Should you happen to die without a will, an estate lawyer would be able to help your loved ones navigate the probate process and distribute your assets according to the laws in your state. While this may sound like a good idea, it can be expensive and may take longer than if you had simply created a will in the first place. Thus, it's better to make sure that once you've made a list of your assets, you move on to deciding how those assets will be handled after you pass.

You might even choose to hire estate lawyers to help you with the process of getting your affairs in order. An estate lawyer can help you with tasks such as creating a will, trusts, and other legal documents that will protect your assets and loved ones after you die. An estate lawyer can also help your loved ones navigate the probate process if you should die without a will.

Make a Will

A will is a legally binding document that specifies how you would like your assets to be distributed after your death. If you should fail to have a will drawn up that lists out your wishes, it will fall to the state to figure out what to do with the things you leave behind. This can result in your assets being divided up or inherited by individuals you yourself wouldn’t have chosen, or different assets going to the wrong people.

When creating a will, you can name an executor in your will, which is the person who will be responsible for carrying out your wishes. You can also designate beneficiaries, who are the people who will receive your assets. It is important to update your will periodically to reflect any changes in your circumstances, such as the birth of a child or the purchase of a new home. Making a will is one of the best ways to make sure that the assets you wish for specific people to inherit are distributed according to your wishes.

Create a Powers of Attorney

In addition to making a will, you should also consider creating a power of attorney. The power of attorney means that you decide to designate someone else, someone you trust, to make financial or medical decisions on your behalf if there should ever come a time that you can’t do so yourself. Such as in the event of a coma, terminal head injury, or other debilitating diseases that would take away your ability to make decisions for yourself. This can be an important tool in ensuring that your wishes are carried out even if you are unable to communicate them yourself.

Have a Health Care Directive

Another important document to consider creating is a health care directive. A health care directive allows you to specify your preferences for medical treatment in the event that you are unable to communicate them yourself. This can be an important tool in ensuring that you receive the medical treatment that you desire even if you are unable to express your wishes yourself.

These are just a few of the important steps that you can take to get your affairs in order. By taking the time to plan for your death, you can also make sure that your loved ones are properly taken care of and that your wishes for inheritance are carried out. While it may be difficult to think about your own death, it's important to remember that it's not something that you can ignore. Making sure that your affairs are in order is one of the best things that you can do for yourself and for your loved ones.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Christmas Tree
History.com

Now that Halloween is over, it's time to focus on the Holiday Season. Don't get me wrong, I think Thanksgiving is great and can't wait for it, but nothing gives me greater joy than watching Freeform's 25 Days of Christmas, lighting peppermint scented candles, decking the halls, and baking gingerbread cookies. So while we approach the greatest time of the year, let's watch the 15 best Christmas movies of all time.

Keep Reading...Show less
6 Signs You Are An English Major

There are various stereotypes about college students, most of which revolve around the concept of your major. Unfortunately, we often let stereotypes precede our own judgments, and we take what information is immediately available to us rather than forming our own opinions after considerable reflection. If I got a dollar for every time my friends have made a joke about my major I could pay my tuition. One stereotype on campus is the sensitive, overly critical and rigid English major. Here are six telltale signs you are one of them.

Keep Reading...Show less
Entertainment

27 Things 'The Office' Has Taught Us

"The Office" is a mockumentary based on everyday office life featuring love triangles, silly pranks and everything in between. It can get pretty crazy for just an average day at the office.

2728
the office
http://www.ssninsider.com/

When you were little, your parents probably told you television makes your brain rot so you wouldn't watch it for twelve straight hours. However, I feel we can learn some pretty valuable stuff from television shows. "The Office," while a comedy, has some pretty teachable moments thrown in there. You may not know how to react in a situation where a co-worker does something crazy (like put your office supplies in jello) but thanks to "The Office," now you'll have an idea how to behave ifsomething like that should happen.

Here are just a few of the things that religious Office watchers can expect to learn.

Keep Reading...Show less
Student Life

10 Signs You’re A Pre-Med Student

Ah, pre-med: home of the dead at heart.

1657
Grey's Anatomy
TV Guide

Being pre-med is quite a journey. It’s not easy juggling school work, extracurricular activities, volunteering, shadowing, research, and MCAT prep all at the same time. Ever heard of “pain is temporary, but GPA is forever?” Pre-meds don’t just embody that motto; we live and breathe it. Here are 10 symptoms you’re down with the pre-med student syndrome.

Keep Reading...Show less
Entertainment

High School And College Sucked All Of The Fun Out Of Reading

Books were always about understanding for me, about learning the way someone else sees, about connection.

1223
High School And College Sucked All Of The Fun Out Of Reading

I keep making this joke whenever the idea of books is brought up: "God, I wish I knew how to read." It runs parallel to another stupid phrase, as I watch my friends struggle through their calculus classes late at night in our floor lounge: "I hope this is the year that I learn to count." They're both truly idiotic expressions, but, when I consider the former, I sometimes wonder if there's some truth to it.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments