KR Hess Law

Parents, here is actually what happens if you die without a plan A judge (who doesn’t know you) will decide who will raise your kids. That person that the judge picks may also be responsible for their financial well-being.... All your money may go to your kids when they turn 18. As if the first two aren’t scary enough, think about that last one for a minute. What would you have done if someone gave you that much money when you were 18? It’s not a pretty picture. Please don’t hesitate to shoot us a question here in messenger, we are always happy to help. Your kids deserve it.

These are the couples that are truly the most blessed.

Tornadoes, floods, fires...are your finances disaster-proof? Here are four steps to make sure they are: 1 Review (and possibly increase) your insurance - make sure you have enough coverage to rebuild your home if need be.... 2 Scan documents into the cloud - this not only enables you to have instant access to your important documents when you are on the go, but this also ensures that you have a second copy that won’t get burned up or flooded out. 3 Perform a home inventory - it’s easy, just grab your smartphone and take a video of everything on the inside and outside of your home. Then upload that video to the cloud. 4 Give your passwords emergency access - get a password management program (like 1Password) to store all of your passwords. This also allows a trusted person to take over your account if you become unable to handle them yourself. Side note: aim to do these four steps once a year. Want help getting your finances in order? Send us a message here and we’d be happy to answer your questions.

Have questions about estate planning? Send us a message here anytime.

Does Little Suzie’s guardian have a backup? The guardian you have planned to step in for you if you die...do you have someone to step in for them if they die unexpectedly? It happens. ... And the last thing you want is to have a judge who doesn’t know you, your family, to be in control of who takes care of Little Suzie. Especially after all the preparation you already did to get the first guardian lined up. We know, it’s a lot of work and it isn’t easy. But it’s worth it, don’t you think? Our recommendation is to have at least two sets of guardians lined up and ready. If you have questions on how to select the right guardians for your children, swing us a message here anytime - we are happy to help.

In your opinion, what is the most beautiful place on earth?

Question: What is estate planning? Answer: It’s the preparation to take your assets (everything that you own) and pass them on to your loved ones with the least consequences. It’s a pretty big deal. ... Have questions about your end-of-life planning? We’d be happy to answer, send us a message anytime.

Thank you for following us! To see our posts daily, go to our Facebook page and click on the Following dropbox. Select See First to get the good stuff on your newsfeed!

Can’t make a decision on who will be guardian for your kids? It’s a pretty big choice, after all. You and your spouse love your children more than anything.... But you feel that Uncle John is the best fit, while your spouse feels Aunt June would be better for your kids. A whole lot of emotion is tied to this decision, and you both feel strongly about your opinions. Want to know how to get unstuck and get the decision made quickly? Take a piece of paper, split it in two. Write one guardian candidate’s name on one piece, and the other name on the other piece. Put the two pieces of paper in a hat and get someone else to draw a name for you. Or you could flip a penny. Or play rock-paper-scissors, you get the picture. The point here is to have something else make that quick decision for you. And here’s what’ll happen: over the course of a few days, you both have to think about whether you are really okay with that choice. Align your values with the person(s) who are best able to love your child/children according to your values. And if you’re agonizing over it, then you can have a conversation about it. But if you’ve come to terms about it and forgotten all about the squabble, then chances are, you’re happy with the choice that has been made. Send us a message anytime if you have a question about estate planning!

We cannot control the actions of others, but we can certainly control our own.

You’re on a desert island and you can bring only three items with you to keep you happy while you wait for your rescue. What would you bring?