This has been a long year. Epically long. So the question nags -- are we there yet?
We've come a long way but, no, we're not quite "there." Vaccines have shipped, though quantities are limited so most of us won't be rolling up our sleeves anytime soon. Inauguration is around the corner, though it still feels light years away. Winter will be here for a while. Deep sigh.
How do we stay positive (and sane) on this long journey? Reframe, baby! Because "there" is an illusory and moving target, it's important not to get discouraged. Stay focused on the many, many miles we've covered already. And remember we now have a better roadmap; knowing the route makes it easier to keep moving.
We're seeing this now as we approach the end of our latest 3-month course. We just finished our last legal webinar on Tuesday and WOW - we've covered so much - from vital documents and healthcare directives to wills, trusts, powers of attorney and more. It seems natural to ask -- are we done now? The answer is a resounding yes ... and no. Yes - we've covered the most essential legal documents every woman needs - and no - we're not done yet. Why? Because there is no "one size fits all" plan - whether it's an estate plan, a budget or retirement plan, a diet or exercise plan. And because life is dynamic, change is a given. Plans need to be updated accordingly.
So good news! We've accomplished a lot, built a foundation and created a roadmap to follow to keep going! And because we now know what we didn't know we didn't know three months ago, we have a better sense of the potholes and pitfalls to avoid.
Here are just a few more takeaways from Tuesday:
If you own your own business, create a springing or durable power of attorney appointing an agent to handle business matters if you were incapacitated - to keep your business running.
Make sure your agent has access to a list of all online business bank accounts, email accounts, file sharing sites, social networking sites, and corresponding passwords.
Include your business assets in your estate plan. Implications will be different depending on the structure of your business.
If contemplating divorce, first consider the process that's best for you - mediation, litigation, negotiated settlement or collaborate divorce.
Start looking for long term care insurance quotes in your 40s or 50s. It's essential for anyone who doesn't have ready access to an additional $3,000 - $10,000 per month, on average, for 3 to 7 years.
We love being on this journey with you ... and can't wait to do it again! Get a 360 degree life plan and roadmap for the future. Get Grounded For Life with Woman's Compass Forum. Our next course starts Feb. 2, 2021.