You may have a long to-do list when it comes to your financial and personal future, but here are five tasks that you should move to the top of your list:
1. Evaluate Your Finances
There's no time to lose-pay down debt and increase your savings. If you've dreamed of making a difference by supporting a favorite cause, consider a life income gift to balance philanthropy with future financial needs.
2. Review Your Insurance Needs
Sitting inside old desk files may be unneeded life insurance policies. Take a look at your family's future needs; long-term care insurance may make more sense now than large life insurance policies. Consider using policies you no longer need to make charitable gifts.
3. Enlist Legal Documents Now
Durable and health care powers of attorney allow someone you choose to make financial and medical decisions for you if you become unable to do so.
4. Check In on Your Will
Life has a tendency to sneak up on us, so it's important to take time to make sure your will still protects the people you love. And, if you're interested in supporting a charitable organization, a codicil to your will is a simple way to accomplish this goal.
5. Do What You Love
Indulge yourself with an exciting new pastime. Or, consider volunteering with an organization close to your heart, such as ours. You'll feel good about helping us carry out our important work.
Contact Us
We would be happy to assist you in your charitable planning. Contact our Development Office at 323-761-8704 or development@jewishfoundationla.org to learn more about options that may work for you.
This article is designed to provide accurate and authoritative information in regard to the subject matter covered. It is provided with the understanding that the editor and contributors are not engaged in rendering legal, accounting or other professional services. Therefore, the contents should not be applied as legal or financial advice.