This is a guest post from Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the adviser for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks. Many of you asked for a follow-up to last week’s post about what happens to your stuff when you die; this article offers more info about how to prepare for the inevitable.
Some aspects of financial planning are meant to get you where you want to go. Others are meant to protect you along the way. This post is about the latter, focusing on safeguarding your hard-earned progress by making sure you’re doing all you can to control risk.
Here’s a checklist of everything you need to protect your paycheck, your stuff, and your family’s sanity. If you’re on top of your financial and legal arrangements, then this exercise will be pretty easy. If not, it will help to highlight any gaps in your financial plan — before they become catastrophes.
From Bob's Library