Insurance World

Ready to start thinking about your Last Will and Testament but don’t know where to start?

Choosing an attorney

Find a lawyer with related areas of expertise, like estate planning and taxation law.

And check with local the Bar Association to see if the attorney has had any disciplinary actions taken against him or her.

A Living Will is as Necessary as a Last Will and Testament

Tell family members, your lawyer and your doctor where your Living Will is located and what it says.

When you enter a long term care facility, give your Living Will to the director to make sure they will honour it.And make sure all your friends and relatives, know about it too in which case they will help carry out your wishes.

Make sure your Last Will and Testament is up to date as well as your Living Will. Don’t do your Living Will and Testament yourself. Office supply stores and the Internet sell computer programs that create Wills and power of attorney forms, but these often gloss over the intricacies of tax laws. You may save money on legal fees up front, but you can put yourself in a disastrous situation down the road.

Power of Attorney

A power of attorney is a most important document. A power of attorney appoints someone to take care of your finances when you are too incapacitated to handle them yourself. This document has various clauses that can help to protect your assets if you, your spouse or your parent needs to go into a nursing home. But many things require rearranging - sometimes with gifts, sometimes by setting up financial vehicles, sometimes through purchases. But nothing can be done if you’re incompetent to deal with your finances and nobody else has authority to deal with your finances either.

A Power of Attorney For Your Last Will And Testament Can Expire

Make sure your power of attorney is up to date. Remeber you are giving the power to enforce your Living Will as well as your Last Will and Testament if necessary.

Last Will And Testament

Consider building in compensation for extra special care. People often leave their assets to their children in equal shares, but many times one child is especially involved while others are less attentive. If one child is giving you care directly, probably in their home, you may want to consider giving them more.

Make sure your Will is up to date. Laws change and your Last Will and Testament is your last chance to see wishes and bequests carried out.

Why does the average investor is making far less money than the sophisticated investor? Well, they are lots o reasons why these happens.

One of the most important reasons is the lack of financial education, and the lack of information, which in our era is more important than the usual education, the kind of education that we receive at school.

The average investor, invests accordingly with the advices that they are receiving from their financial advisors…

“Invest on long term. Diversify. Buy cheap stocks.”

And they continue to buy and lose. But what happens when the market is starting to fall? What are the financial advisors telling them?…

“Don’t worry. Continue investing on the long term.”

But how long is the period included in the expression “long term”? In the operations known as “commodity futures”, the expression “long term” could mean 30 seconds. In business or real estate, the same expression could mean centuries.

The majority of the people who invests at the stock market, are
people over 50 years and in a few years will retire. What will this people do if the market will crush tomorrow, or next month, or next year, or over 5 years from now? Are they protected? Are they prepared for that?

An article from USA Today, says that the main fear of Americanness is not having money.

Do you realize? Americanness don’t fear of a nuclear war, or the end of the world, or a new terrorist attack, they fear of not having money.

Then, why do so many people is investing without insurance? Why so many people is risking all the savings, all the money they worked for they’re entire life?

The investment process doesn’t have to be risky. Although the risk exists, the investments doesn’t have to be risky. And you don’t have to lose when the market decrease.

Tell me, please…

Would you buy a car without insurance? — That would be a total madness.

Would you buy a house without insurance? — That would be even a bigger madness.

Do you agree with me?

If yes, tell me please…

WHY DO YOU INVEST IN PAPER ASSETS WITHOUT INSURANCE? (sorry for shouting)

The average investor is interested by average things, that’s why is average. Average things are for the average people. Average investors like lukewarm things. But, if you want to be rich you must move away from the medium.

The average investor wins when the market grows and lose when the market decline.

The sophisticated investor makes money in both situations, especially when the market declines.

You can become rich when the market grows, but you can become very rich when the market falls.

So, while the average investor invest without any kind of insurance, the sophisticated investor invests with insurance.

And guess who is making more money, in less time and with little or no risks.

So, if you want to be a rich man, think like an rich man.