End-of-Life Planning for Your Home
End-of-Life Planning for Your Home
Alexis Bennett
Ever thought about what will happen to your home after you shuffle off this mortal coil? Sounds a bit dark, right? But let’s face it, planning for the end of life isn’t just about wills and funeral arrangements. It involves a lot more, including what’s going to happen to your beloved abode. Whether you’re living in a classic mid-century, a cute little bungalow, or a chic apartment, it’s essential to include your home in your end-of-life planning. And that’s what we’re going to discuss today. Sit tight, because this might just be one of the most thought-provoking, life-changing articles you’ll read in a while.
Why Should I Include My Home In End-of-Life Planning?
The first thing you may be asking is “Why should I care for planning the end of life of my home?” We all have at least a baseline understanding of the effects a loved one’s passing can have on the entire family. Studies have found the death of a family member can seriously impact the remaining members, especially when it comes to dealing with what’s been physically left behind.
Let’s look at a well-known example. Remember Aretha Franklin, known as the Queen of Soul? She wasn’t just a singer and songwriter but also an influential civil rights activist. Her vibrant career spanned many decades, enchanting the world with her soulful music.
But here’s the kicker: when Aretha passed away in 2018, she left behind a valuable estate but no will or trust to guide its distribution. Her family was left in a whirlwind of legal and financial chaos, along with the emotional pain of their loss. What a mess.
By including your home in end-of-life planning, you’re not just checking off another box on your to-do list. It’s more than that. It’s a gesture of love and kindness towards those who will mourn your loss. By taking these steps, you can ease their legal and financial burdens and prevent any added stress during an already tough time. Plus, it ensures that your wishes for your home are respected, offering a sense of peace to everyone involved.
What we really should be asking ourselves is “Why wouldn’t we include our homes in our end-of-life plans?” It seems like a no-brainer when you look at it like that. But what’s involved in considering your home and the things in it after you’re no longer here to care for them?
Legally Prepare Your Home
To continue reading, please go to the original article here:
https://todayshomeowner.com/home-finances/guides/end-of-life-planning-for-your-home/