Sunday, February 2, 2014

Financial Preparedness, Month 7 (February 2014)

Now that you have your budget and plans to become financially self-reliant, there are a few more considerations to becoming legally prepared. The following documents are recommended to protect yourself and your loved ones should emergencies, injury or accident happen: Durable Power of Attorney, Health Care Proxy, Simple Will, and Declaration of Homestead. These sometimes differ state to state so if you have moved since you created these documents, or if you plan on moving, you'll need to make sure they are acceptable in your new state. You can either have an attorney prepare these for you or, if your finances are very simple, you can search online for free fill-in-the-blank versions to use. Make sure you include copies of these documents in your emergency kit.
*Read attached information on legal documentation and then create your legal documents (put copies of them in your emergency kit)
*Save $11 per person for your year’s food storage supply
See “EstatePlanning.doc” in the “Financial Preparedness” section at the Two Year Preparedness Plan Documents Website.