I’ve been concentrating on financial and estate planning lately — something that’s been long overdue. I think that women tend to put this kind of planning in the background or let our husbands take care of it. It’s hard to deal with, but must be done.
Lately, I’ve heard of some women who have had serious set backs, to say the least — relatively young spouses who’ve died and some single moms who have had medical issues that require them to be out of work. Who’se got you back in these situations? Do you have family you can rely on? Good friends who could be there for you in a pinch? Are you prepared legally for these type of situations?
Evey woman needs to have legal papers that state who her children would go to in the event she dies as well as who would care for her should she become incapacitated. Remember the now-famous case of Terry Schiavo? She was married, but had no living will and became a case for the courts — her husband and her parents battling out for what was “best for her.” Don’t leave these decisions up to your family members or your friends — make them now, while you are able.
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ABOUT ALICIA: Alicia is the founder of Balancing Motherhood.com. Last year, she managed to stay sane while completing an MBA, working full-time, blogging, and still baking amazing birthday cakes — all while raising a young family at home.
Kim Hays says
awesome advice! i was actually just thinking about this last night.