How to Pay for Your Loved One’s Funeral

Your loved one has passed away. If your loved one is like most Americans, you may be left in the dark about his or her final wishes. In addition to the many emotions you are feeling, you have yet another burden–paying for the funeral, a cost that continues to rise in America. Once all funeral-related costs are factored in, the typical traditional funeral service will cost the average family $8,000 – $10,000.

So, what do you do? It may be a good idea to start by speaking with your loved one’s close friends, family members and professional acquaintances. These conversations could uncover whether a life insurance policy is in place, a will exists or if funeral arrangements were funded prior to their departure. [Read more…]

Financial Disaster Checklist checklistIn case you need to evacuate this hurricane season or prepare for any disaster, here is a list of documents you should bring with you.  This checklist includes key financial documents such as tax returns, titles, deeds, insurance policies, and other essential items.  Also, keep in mind the list also includes non-financial items such as resumes, licenses, transcripts and other items just in case you need to search for a job or transition to a new location. [Read more…]

3 Ways to hurricane-proof your finances this season!

On August 29, 2005, who knew an evacuation order would be the last time I would see New Orleans as I knew it. A “hurricane trip” as I referred to it happened frequently, so why would this time be anything different? My “hurricane trips” would usually turn out to be short vacations and time off from work.  So, to be honest, I actually looked forward to it!  But this time would be different. Hurricane Katrina destroyed my home, my personal belongings and left me homeless. More importantly, I was now faced with many financial uncertainties.

With the start of hurricane season, how can you protect yourself financially? [Read more…]

No More “Katrina” …… Not being prepared is simply not worth the risk!

Who would have thought on the seven-year anniversary of Hurricane Katrina, I would once again find myself on the road not knowing when I would return home. But at the very least, I can honestly say, this time I was better prepared.

I know many of us take “warnings” with a grain of salt, thinking certainly Hurricane Katrina could never happen again.  Or for those who were not affected by Katrina, may think – I am immune to these types of disasters.  But I have to tell you, no matter where you live, you must be prepared.

So, how do you really prepare for these nasty disasters? [Read more…]