Documents Helpful in Protecting Family, Wealth

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documentsTalking about what you would like to happen upon your death isn’t a typical topic of conversation. But, planning ahead can provide peace of mind as well as take future burdens off of other family and friends.
What are some documents that are helpful to have in order?

According to the National Institute on Aging, a will allows you to name the person you want your money or property to go to after you die. Without a will the court decides how to divide your estate without your input, which can cause long, unnecessary delays.

Protecting what you have worked for so others you care about can benefit from your inheritance involves planning ahead and often working with a professional to help follow state and federal regulations.

In addition to a will, another helpful document can be a trust. This allows a person to pass assets to beneficiaries after death without having to go through probate.

Often people don’t think they have enough wealth to require a will or a trust, but both are beneficial in distributing and protecting what you do have.

According to the American Bar Association, life insurance also can be a way to leave a gift and the beneficiary doesn’t pay income tax on the proceeds.

Fidelity Investments notes the importance of keeping the beneficiaries on all accounts, annuities and other assets up to date.

“If you have proper beneficiary designations, your assets can transfer to loved ones quickly and easily upon your death, normally avoiding probate and perhaps even reducing estate taxes,” according to Fidelity.

Another document is pre-planning for a funeral or memorial service. Outlining what you want included can take difficult decisions off the shoulders of loved ones when they are grieving. These pre-arrangements also can be paid for in advance so the costs associated with the services don’t become a burden to any family or friends. But this is not just a way to ease burdens for loved ones after your death. Making your wishes known beforehand ensures your memorial and funeral will be conducted the way you want them to be.

The family and staff at Friedrich-Jones and Overman-Jones funeral homes in Naperville and Plainfield can help with pre-planning, including Stephanie Jones-Kastelic, co-owner who is a pre-planning consultant.

For more information or to make an appointment with Jones-Kastelic, contact Friedrich-Jones Naperville at 630-355-0213 or Plainfield at 815-436-9221. To view a pre-planning check list visit friedrichjones.com.

April is National Alcohol Awareness Month

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alcohol awareness monthThe behaviors and health risks associated with alcoholism can be extremely dangerous, but there are opportunities for recovery.

April is National Alcohol Awareness month, and “Connecting the Dots: Opportunities for Recovery” is the theme.

The National Council on Alcoholism and Drug Dependence (NCADD) began designating April as Alcohol Awareness Month back in 1987, as a way to increase public awareness and understanding of alcoholism, and alcohol related issues.

Alcohol is the most commonly used addictive substance in the United States, with 17.6 million people, or one in every 12 adults suffering from alcohol abuse or dependence, according to the NCADD website.

Some of the risks involved with alcoholism and drug use includes traffic fatalities, violence, suicide, overdose and other problem behaviors. It can be a particularly troubling issue for teenagers, but National Alcohol Awareness Month works to reduce the stigma associated with the disease.

This quote from the president of the NCADD appears on the organization’s website, and addresses the dangers of alcoholism for today’s younger population.

“Alcohol and drug use is a very risky business for young people,” says Andrew Pucher, President and CEO of NCADD. “Parents can make a difference. The longer children delay drinking and drug use, the less likely they are to develop problems associated with it.”

Economic factors can also impact alcoholism, and have troubling impacts, according to a study.

The family and staff at Friedrich Jones and Overman-Jones would like to stress that hope and recovery are possible and that we are always here as a community resource. If you have questions, visit Friedrichjones.com or call our Naperville location at (630) 355-0213 or Plainfield at (815) 436-9221.