Planning for your death and life after you’re no longer around is a morbid thought for many. Sadly, there will come a time when this is a reality, and for some people, it can be seen sooner rather than later. An unforeseen accident, a sudden illness or a change in fortunes can all result in you no longer being there to support your loved ones the way you envisioned.
With life being so fragile and unexpected, being able to prepare appropriately so that you don’t leave things too late is vital not only for your peace of mind but also to make things easier for your loved ones once you’re gone.
These tips can be helpful to enable you to prepare for your death and give yourself peace of mind that if the worst does happen, things are taken care of as much as possible.
Plan Your Funeral
You can make a written plan for your funeral so people know your wishes for what happens post-death. Or, you can search for funeral homes near me that offer prepaid funeral services for you to purchase upfront so your family isn’t left with the financial burden of funding your wishes. Whatever funeral option you choose is entirely up to you, but making your wishes clear can avoid any confusion.
Write A Will
A will is vital for your wishes to be honoured in the event of your death. Not everyone will behave the way you expect them to, and things can get quite messy when children or money is involved. However, a legally written document will give people directions to follow and adhere to so you know exactly what is happening, who is being left, and what, and there are no disputes. It’s important your will is created legally with the help of a lawyer and an independent notary for it to be legally valid.
Pay Down Debts
The last thing anyone wants is for their loved ones to be cared for, contracting creditors to explain what has happened. In the UK, all debts are paid from an estate and aren’t automatically passed to family members except for some circumstances, e.g. guarantor loans or joint loans. But if you do have debts, your loved ones will need to go through each creditor to close the accounts, which can be upsetting and difficult. So paying down your debt as much as possible can save them this task.
Life Insurance
Life insurance can provide welcome financial support in the event of a death. If your family relies on you financially, you have a property you’re paying a mortgage on, or you want to ensure they have a good quality of life, a life insurance payout can be invaluable.
It’s important to remember that not all policies are the same and have different payout criteria you need to be aware of. Sometimes, you might need additional coverage for illnesses or injuries, so it’s worth checking the small print. However, if you die and there is an active life insurance policy, your loved ones can use the payout to pay you at this time.
*Don’t forget to download my #FREE Lifestyle APP Live a Well-Designed Life
