Your Living Life Support
Are you in business?
Raising a child? Planning for retirement? Sending a child off
to college? Performing the functions of a caregiver?
We are all experiencing life
and life's needs. However, we cannot expect to have the vast
knowledge it takes to handle everything that comes our
way. We need to have a group of experts to help us—a
Professional Team.
What is a Professional Team?
Who you have on your
team is governed by your life's goals and circumstance. For instance, a business owner
should have one or more attorneys, a bookkeeper, CPA, business coach, etc. on his/her
team, a caregiver should have an attorney, tax accountant or
enrolled agent, clergy, etc. on his/her team. This team of experts should be able to
answer questions, guide you toward your goal and give you peace of mind.
Is a Professional Team
expensive?
No, not when you consider
your time, stress level and the money you will spend trying to
do things yourself and doing them improperly. To save money, be prepared by having
all your questions ready and paperwork in hand. You'll find that the money you spend is a
great deal less than what you will save! |
Are you sure it will work?
The only way I can answer
that is through my experience as a caregiver to my mother. When she passed away, I was
able to take care of her estate in less than nine months rather
than years. Get a Professional Team on
your side, you won't regret it.
A Special Professional Team for Caregivers
When your loved one goes into a nursing home, assisted living
home or other facility, you will have to take charge of their estate. Is
everything known about the estate or do you have to dig for the
information? As a caregiver, you guide your loved one on a journey
from home to assisted living to nursing home, until the finality of
death. If you have a Professional Team in place, the task will be
easier. I suggest:
- An attorney to set up wills, trusts, power of attorney
- CPA or tax attorney to do the tax return
- Financial Planner to determine how the assets and liabilities work together
- Investment broker
- Bookkeeper to help prepare books for the CPA
- Family counselor so the care plan can be put into effect smoothly without
family squabbles
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