Planning for the “What if”

Guest blogger: Sarah Kendrick, Founder of RHEA Services

Life is full of "what if" moments. You know the ones – the "what if I left the stove on" or "what if I forgot to lock the car." But lurking in the shadows of your mind, there are those bigger "what if" questions. Ones like "What if I get sick and can't take care of my kids" or "What if something happens to me and no one knows how to pay the bills." Yeah, those... 

The past few years have been a rollercoaster, and that anxiety is still with us. That's why planning ahead can be so helpful as we move forward. We all know stories of unexpected family illnesses or the loss of a loved one, and we know how emotionally draining it can be. But have you ever stopped to think about the financial and logistical mess that can follow? Imagine the chaos if the person who handled all the bills and had the keys to the financial kingdom suddenly couldn't. It's even more bewildering when they're not around to answer questions. So, what's the game plan? Let's start now. 

1. Passwords: Those things are everywhere. Do other people in your life know them or where to find them? Start gathering them in one place so that someone can access them if needed. If you use a password keeper, share the password to that with a trusted person. Don't just rely on your browser or your phone to be the password whisperer – take an active role in managing them.
2. Who Manages What: If you're the go-to kid or pet wrangler, while your partner is the household guru, kudos to you for dividing and conquering. But what if one of you is out of commission for a while? It's time to keep a list of the who, what, where, when about the things you manage so you can share that precious knowledge with your trusted sidekick.
3. Estate Documents: Here's one that takes a bit more effort, but is essential. Fewer than 40% of people have their will and estate planning documents in order. It's easy to put off, especially if you think you don't have a lot to pass on. But guess what? If you don't decide, the state will step in and decide for you. Do you really want the state to choose your healthcare power of attorney or where your prized possessions go? Thought not. Work with an estate attorney to get these crucial documents in place before you need them.

Need some extra guidance? I've started a business to make preparing for those "what if" moments a little less daunting. My mission is to help you gather your essential information and keep it in one organized place for a rainy day. Through virtual, guided sessions, I'll be your trusty guide, ensuring you have the best information readily available. Preparing for the unknown might seem like a big task, but I'm here to lend a hand and help you find that peace of mind you want. 

Guest Blogger, Sarah Kendrick, Founder of RHEA Services 

RHEAServices.com 

317-732-5181 

Sarah@RHEAServices.com