Broker Check

September 2019 Newsletter - Cherish Every Day

September 15, 2019
Share |

Hello there! My focus for this newsletter actually stems from the tragic passing of one of my Muay Thai kickboxing instructors (and a nurse to boot) named Lisa Margaritis. Lisa drowned tragically at the age of 48 and is survived by her husband and 15-year old son. It is eerie seeing someone on Tuesday and losing them that Friday-especially someone so young and full of life. Anyway, she always greeted me with a smile, gave me a big hug, and was a beautiful soul.   

 

https://people.com/human-interest/woman-drowns-paddleboard-yoga-class-accident/

 

Here are my planning takeaways from this horrific incident as I think Lisa would appreciate it.

  1. If someone is dependent on your income, purchase a life insurance policy.
  2. If you have an existing life insurance policy, review its health by asking for an in-force illustration.
  3. Make sure your beneficiary designations on IRA’s, 401k’s, 403’s, and life insurance policies are up-to-date.
  4. Ensure you have all your core estate planning documents including a will, power of attorney, and health care proxy.  
  5. If you have young children, ensure you have guardianship provision language in your will.
  6. Have 3 to 6 months of your living expenses safely kept in a checking/savings account for emergencies.
  7. Cherish every day as a blessing as well as your loved ones.

 

R.I.P Lisa