Episode #188 Draft Your Will

Three Problems

• If we wait to have significant conversations until ‘the end,’ we may miss out on the opportunity to have those very conversations.
• Failure to designate our assets can create conflict among those we leave behind.
• The grieving process is often interrupted by urgent and unexpected financial decisions.

Five Principles

• We can continue to bless our families even after we have breathed our last.
• Drafting our will and revisiting it annually gives us a regular reminder that life is short.
• Preparing for the future is not a sign of pessimism but a sign of wisdom.
• When it comes to financial planning, the earlier the better.
• Financial planning rarely feels urgent, but it is incredibly important.

Five Practices

• Lean into uncomfortable conversations about finances until they become comfortable.
• Schedule a discussion about finances with your parents, siblings, and children.
• Meet with a financial advisor who can ask questions you never would have considered.
• Update your will with each marriage, birth, new job, or diagnosis.
• Organize your important documents into files rather than piles.