{"id":12313,"date":"2020-05-14T09:55:13","date_gmt":"2020-05-14T13:55:13","guid":{"rendered":"https:\/\/lifehappens.org\/?p=12313"},"modified":"2020-07-20T19:00:57","modified_gmt":"2020-07-20T23:00:57","slug":"4-steps-you-can-take-to-feel-more-in-control-now","status":"publish","type":"post","link":"https:\/\/lifehappens.org\/blog\/4-steps-you-can-take-to-feel-more-in-control-now\/","title":{"rendered":"4 Steps You Can Take to Feel More in Control Now"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.4.3&#8243; locked=&#8221;off&#8221;][et_pb_row _builder_version=&#8221;4.4.3&#8243;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.4.3&#8243;][et_pb_text _builder_version=&#8221;4.4.9&#8243; hover_enabled=&#8221;0&#8243;]COVID-19 has upended life as we know it for millions of people around the world. Many of us\u2014including the young and healthy\u2014are seriously contemplating our mortality for the first time.<\/p>\n<p>As the parent of a toddler, with a baby on the way, I\u2019m definitely in this camp. It\u2019s deeply unsettling to ponder how this virus has cut short so many lives in the span of just a few months.<\/p>\n<p>I can\u2019t escape the reality that I\u2019m not invincible and never really have been. Whether it\u2019s an accident, a terminal illness or an infectious disease, untimely deaths happen and none of us are assured a long, healthy life.<\/p>\n<p>That thought paralyzed me before I decided to take a proactive approach to things. The good news is that there are concrete actions you can take today to protect the ones you love and get some peace of mind during these challenging times. Here are four definitely worth doing.<\/p>\n<p><strong>1. Prepare your will.<\/strong> Not even half of Americans have a will, which is a legal document that spells out your wishes for where your assets go and who cares for any minor children in the event you pass away. If you die without a will, your individual state\u2019s laws will decide where your money and belongings go and who takes care of your kids. As if that isn\u2019t bad enough, dying without a will generally delays the process of resolving your estate and can subject it to additional taxes.<\/p>\n<p>Spare your loved ones from this experience with a will. Many people use a lawyer to draw up a will, especially if they have large or complicated estates. These days, many lawyers can help you via email, phone and teleconference, so don\u2019t let social distancing stop you from getting a will.<\/p>\n<p>Another option is to create a will online. This is a fast and inexpensive option for anyone on a budget or with uncomplicated needs. A few popular resources include <a href=\"https:\/\/www.legalzoom.com\/personal\/estate-planning\/last-will-and-testament-overview.html\">LegalZoom<\/a>, <a href=\"https:\/\/www.nolo.com\/lander\/willmaker?utm_campaign=cj_affiliate_sale&amp;utm_medium=affiliate&amp;utm_source=cj&amp;utm_content=2617611&amp;utm_term=12359224&amp;cjevent=157986f87a8f11ea808d001a0a240610\">Quicken WillMaker &amp; Trust<\/a> and <a href=\"https:\/\/www.doyourownwill.com\/\">Do Your Own Will<\/a>. (The final option is free!)<\/p>\n<p><strong>2. Create an advanced directive.<\/strong> An advanced directive is another legal document you\u2019ll want to lock down. It explains what kind of medical care you\u2019d want in the event you can\u2019t speak for yourself.<\/p>\n<p>The most common types of advanced directives are the living will and the durable power of attorney. A living will spells out your health care wishes in the event you\u2019re terminally ill and unable to express your wishes or permanently unconscious. Meanwhile, a durable power of attorney is a document in which you name a trusted person to make health care decisions for you in the event you\u2019re unable to do so.<\/p>\n<p>An attorney can help you create an advanced directive or you can create one for free online using a form from your state. (Check your state\u2019s website for its individual form.) If you go the latter route, make sure to check your state\u2019s laws about advanced directives. Some require you to sign them in the presence of a witness, while others require them to be notarized. (And yes, you can now get documents notarized online through services like <a href=\"https:\/\/www.notarize.com\/\">notarize.com<\/a>.)<\/p>\n<p><strong>3. Look into life insurance.<\/strong> If anyone depends on your earnings or unpaid labor (I\u2019m looking at you, stay-at-home parents and caregivers), it\u2019s absolutely essential to have at least some life insurance in place. From funeral costs to the mortgage to everyday living expenses, life insurance steps in to smooth things over financially if you aren\u2019t in the picture.<\/p>\n<p>I know the last thing many of us want right now is an added expense. But this is one well worth having\u2014and it\u2019s probably a lot less than you think. A healthy 30-year-old can get a $250,000 20-year level <a href=\"https:\/\/lifehappens.org\/insurance-overview\/term-insurance\/\">term policy<\/a> for just $13 a month.<\/p>\n<p>Any amount of life insurance is better than none at all, so contact an <a href=\"https:\/\/lifehappens.org\/agent-locator\/\">agent<\/a> today to get a policy that works for your life and budget. (Like lawyers and notaries, many of them can work with you over phone, email and teleconferencing tools!)<\/p>\n<p><strong>4. Consider disability insurance.<\/strong> Illnesses and injuries curtail many people\u2019s careers and lifetime earnings unexpectedly every year. With respect to the current crisis, those hospitalized for COVID-19 often have long roads to recovery as well as lifelong complications. Whether the health challenge leads to short-term or permanent consequences, it\u2019s hard to stay on top of bills when your paycheck stops.<\/p>\n<p>This is where <a href=\"https:\/\/lifehappens.org\/insurance-overview\/disability-insurance\/\">disability insurance<\/a> can be a lifesaver. This \u201cinsurance for your paycheck\u201d protects your income until you\u2019re able to return to work. Like life insurance, there are policies for every situation and budget. Learn about the three main ways to get <a href=\"https:\/\/lifehappens.org\/insurance-overview\/disability-insurance\/getting-disability-insurance-coverage\/\">disability coverage<\/a>.<\/p>\n<p>I\u2019m the first to admit that contemplating these realities isn\u2019t a fun way to pass the time. But something far worse is knowing that the people I love the most would be in a bind if the unthinkable happened. Plus, tackling these to-do\u2019s gave me a much-needed sense of control during these unpredictable times\u2014I hope it does the same for you, too.[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>COVID-19 has upended life as we know it for millions of people around the world. Many of us\u2014including the young and healthy\u2014are seriously contemplating our mortality for the first time. As the parent of a toddler, with a baby on the way, I\u2019m definitely in this camp. It\u2019s deeply unsettling to ponder how this virus [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":12314,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,75,4],"tags":[344,339,325,347,64,93,14,340,126,345,341,342,343,44,20,346,248],"class_list":["post-12313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-disability-insurance","category-financial-planning","category-life-insurance","tag-advanced-directive","tag-caregivers","tag-covid-19","tag-disability-coverage","tag-disability-insurance","tag-funeral-costs","tag-life-insurance","tag-mom","tag-mortgage","tag-notarize","tag-parent","tag-peace-of-mind","tag-prepare-your-will","tag-stay-at-home-parent","tag-term-life-insurance","tag-term-policy","tag-will"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>4 Steps You Can Take to Feel More in Control Now &#8211; 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