This is the most essential item every family needs for these uncertain times! It’s less expensive than life insurance and more detailed than a will. This is the ultimate record keeping system that is designed to list and categorize all of your important information in one central location…medical, financial, personal, etc. In the event something happens to you, your family will know how to handle your affairs and, if necessary, know how to carry out your final wishes. There is even a bonus section concerning end of life matters which educates families on what to expect when a loved one dies and how to navigate through those situations. This is a must have for anyone who’s concerned with removing the burden from their families on what to do and how to do it if something happens to them. Don’t wait to get The My Life Organizer! You don’t know when you’ll need it, but you know you will need it!
• Fact – An estimated one billion dollars in life insurance benefits are waiting for beneficiaries to claim. Insurance companies are not in the habit of tracking down beneficiaries when the policyholder dies.
• Fact – If a parent dies, and there is no family member or guardian available to care for orphaned children, the state will place the children into the foster care system.
• Fact – Millions of American’s are missing out on billions of “forgotten cash”. States, federal agencies, and other organizations, collectively hold more than 58 billion dollars in unclaimed cash, property, and benefits. These assets come from a variety of sources, including abandoned bank accounts, stock holdings, life insurance policies, pension benefits, and other unclaimed assets.
• Fact – If you die without a will, the legal term is you have died “intestate”. If no relatives can be located, your entire estate becomes the property of the state.
• Fact – More complex estates can take years to probate. The longer the process, the more costly the process.
• Fact –The average person dies with $62,000 in debt.
• Fact – When you die, any debt you have, is attached to your estate. These debts can deplete assets you had set aside for your heirs. Debts can also get transferred to a loved one for payment, without your prior planning.
• Fact – Funeral directors are business people, not ministers. People often think they are quasi-clergy, there is a difference. Not detailing your final wishes can cost your family additional, unnecessary money. Funeral homes are businesses, and they are in business of making money.
• Fact – Dealing with the death of a loved one is already a stressful situation. Not knowing how to handle the loved one’s finances after death, can add an extra burden to a grieving family
• Fact – Thousands of small businesses are started “informally” every year in the United States. Unfortunately, if a partner dies, this can lead to financial and emotional stress, along with legal complications and costs.
• Fact – In today’s world of the Internet, electronic devices, (cellular phones, tablets, etc.), the combination to the wall safe is not all that is required to close out accounts. Unknown usernames, passwords, & security questions, can all hinder the process of finalizing a loved one’s affairs.
• Fact – If one spouse is in charge of the family finances, information should be readily available for the other spouse to take over when the time comes.
• Fact – Arrangements should be in place for the care of special needs children, minors, and adults, in the event of the parent’s death
The My Life Organizer
6689 Orchard Lake Rd Suite 157
West Bloomfield, MI 48325