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Episode 5: In Sickness and in Health
What happens to your finances when life throws a curveball—like death or divorce? Are you really prepared, or is your family left with someone else’s plan? In this episode of I’ve Heard Worse, Sara McCullough discusses the importance of planning for life’s major transitions and how failing to prepare can cause both financial and emotional strain. Whether it’s passing on a business or preparing for a divorce, the right steps today can save your loved ones from unnecessary turmoil tomorrow.
Key Points:
Failing to plan causes financial and emotional hardship – Without a solid plan, your family could face confusion, tax surprises, and disputes. It’s not just about money; it's about peace of mind.
No plan means you get someone else’s plan for your family – Without a will or proper financial planning, the system will decide how things are divided. That’s a risk you don’t want to take.
Do the planning that needs to be done – Make sure your loved ones know exactly where your assets are, what you owe, and how things will unfold after you’re gone.
Any step now reduces future stress – Even small steps, like creating a list of assets or updating your beneficiaries, can reduce future uncertainty for your family.
It’s about keeping accurate financial records – This applies to both death and divorce. Understanding what you own and owe now makes big financial decisions easier later.
Resources
Sara McCullough on Web | LinkedIn | Email | Instagram
Organize Your Financials - with 45 days free trial period
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By Sara McCulloughWhat happens to your finances when life throws a curveball—like death or divorce? Are you really prepared, or is your family left with someone else’s plan? In this episode of I’ve Heard Worse, Sara McCullough discusses the importance of planning for life’s major transitions and how failing to prepare can cause both financial and emotional strain. Whether it’s passing on a business or preparing for a divorce, the right steps today can save your loved ones from unnecessary turmoil tomorrow.
Key Points:
Failing to plan causes financial and emotional hardship – Without a solid plan, your family could face confusion, tax surprises, and disputes. It’s not just about money; it's about peace of mind.
No plan means you get someone else’s plan for your family – Without a will or proper financial planning, the system will decide how things are divided. That’s a risk you don’t want to take.
Do the planning that needs to be done – Make sure your loved ones know exactly where your assets are, what you owe, and how things will unfold after you’re gone.
Any step now reduces future stress – Even small steps, like creating a list of assets or updating your beneficiaries, can reduce future uncertainty for your family.
It’s about keeping accurate financial records – This applies to both death and divorce. Understanding what you own and owe now makes big financial decisions easier later.
Resources
Sara McCullough on Web | LinkedIn | Email | Instagram
Organize Your Financials - with 45 days free trial period