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January is almost coming to an end |
I do hope you have taken time
this month to get organized and review your
financial life. In preparation of this Ezine, I
reviewed news articles to see if I could motivate
those that have not planned for their loved ones.
This was a heart breaking story, but one that could
have been avoided with only a little planning.
Again, you are planning for your loved ones, not for
yourself. Although, you will have peace of mind once
it is done. One of my goals this year is to ensure
that every parent I know has named guardians for
their children. There are no excuses you can do it
for free! I also encourage you to sign up for my
free Ezine book, Wear Clean Underwear at:
The Soto Law
Group eBook
In the book you will find more inspiring stories
about protecting those you love.
The story I found was about a mother who failed to
do any legal planning. A single mother from
California died during the birth of her fourth child
leaving behind four little ones and no guardianship
directives.
To complicate things further, the father of these
children is not (and has never been) in the picture
to claim responsibility. So fearing the kids would
end up separated in the state welfare system, a
neighbor (who also has six children of her own),
stepped up to the plate. And thankfully the Los
Angeles community had stepped up to the plate by
donating diapers, clothing, food, etc. for the now
mother of 10.
But in most cases, stories like this one don’t have
such a happy ending. The sad reality is that
children are placed in situations their parents
would’ve never have dreamed possible because they
didn’t take the time to plan ahead in the case of
their unexpected death or incapacity.
Please take the time to read below and see how you
can protect your loved ones!
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Let this be a
wakeup call for
you |
There are three
simple things
that could have
been done
differently to
ensure these
kids were taken
care of upon
their mother’s
passing. And if
you have little
ones at home
counting on you,
I urge you take
these steps now
to ensure a
legacy-and no
regrets-are what
you leave
behind:
1. Get a
Life Insurance
Policy-
For a small
amount of money
each month, this
mother of three
with a fourth on
the way could
have been paying
for a life
insurance policy
so that her
children were
provided for
financially
should something
happen to her
(especially
knowing that
their father was
not in the
picture and
would not
contribute to
their care
financially).
Because she did
not have life
insurance in
place, her
children are now
forced to rely
on handouts and
charitable
donations from
neighbors until
they are old
enough to
support
themselves. We
can discuss this
further during
our Family
Wealth Planning
Session and make
sure you have
enough insurance
should something
happen.
2. Name
Short-Term and
Long-Term
Guardians-
While this story
“seems” to have
a happy ending
with the
neighbor
stepping up to
raise the four
children and
keep them all
together, will
she really be
able to manage
raising ten
children? Maybe
there was
another friend
or a family
member who would
have raised
these kids
EXACTLY as their
mom would have
wanted, but
we’ll never know
because she
didn’t document
her choices for
her kids’ care.
Simply browse to:
http://www.dedeskidsprotectionplan.info/
and name your
guardians for
free. No
excuses.
3.
Create a Legacy
of Non-Tangible
Assets-
This mother
unexpectedly
died during
childbirth.
Because of this,
her newborn baby
will never hear
the sound of her
voice or know
firsthand what
her mother’s
values were or
how she would
have guided her
about things
like spirit,
money,
discipline,
education, sex,
or health care.
As parents, even
if you don’t
have any money
to leave behind,
you can leave
your children a
gift of your
values - who you
are and what’s
important to
you. You can do
that for free by
writing letters
or recording a
CD for your
children. If you
work with a me,
this is just
part of the
legal planning
process and
becomes a gift
that is far
greater than all
the money in the
world.
Ideally, the
best way to
ensure the
well-being and
care of your
family is to
meet with me the
Soto Law Group,
a Personal
Family
Lawyer®-and I
will guide you
to naming
guardians for
free. But, even
better than
writing them
out, speak them.
Leave your kids
an audio or
video message
from you -
that’s truly
priceless.
Regardless of
how you chose to
go about it,
take the time to
get your affairs
in order while
there’s still
time-ESPECIALLY
if you have
young kids
depending on you
at home. It’s
the only way to
leave behind a
real
legacy-instead
of
regrets-should
something
happen.
Catch you next
week! |
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»
FORWARD THIS NEWSLETTER TO OTHERS
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FREE Kids Protection Planning Guide where you will learn:
The simple steps you can take to ensure the safety and care of your children;
A 3-step process for choosing the right person to raise your kids and
The 6 common mistakes parents make when choosing guardians, and more!
»
GET THE GUIDE
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Get your legal and financial life in order for 2010 - Start with this
great resource:
"Your Financial Freedom Notebook"
» Schedule your Family Wealth Planning Session today
and receive this notebook FREE!
CALL: 888-735-7686
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One of the best books I’ve ever read on family estate planning is
Wear Clean Underwear
—a Fast, Fun, Friendly—and Essential Guide for Busy Parents by national legal
expert and TV personality, Alexis Martin Neely.
"Your Financial Freedom Notebook"
» Simply click
HERE to receive all chapters of the eBook.
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