Giving beyond your own lifetime
The love of parents and grandparents really is the greatest love because they often give unconditionally even beyond their own lifetime.
Below is a touching videoclip of the love that a grandmother had for her mentally challenged grandson.
The grandmother, Ailing, was the sole caregiver for her mentally challenged grandson.
Ailing found out that she had brain cancer and she was not able to take care of her grandson anymore.
She did seek her relatives for help but to no avail. It is common for most people to take care of their own needs more than others.
She recorded simple instructions for her grandson using a tape recorder and she also arranged for the delivery of porridge to her house daily for her grandson.
She made plans for her grandson so that her grandson could be taken care of even when she was no longer around.
This short article is just my thoughts about plans we can have for our family.
Steemit and other crypto-related passwords
I know that we should always keep our steemit password safe and we should not reveal it to others.
I have viewed my development of my steemit account as one of the possible financial sources for my family even when I am no longer around.
I have saved the different passwords of steemit and crypto-related accounts into a thumb drive.
This thumb drive is not just a backup but an access to my online income for my family to withdraw when I am no longer around.
As a parent of a special needs, I hope to leave my main steemit account to my son so that he can have an income to support himself.
Building my steemit account can be an inheritance that I can leave for my family which can continue to generate financial support even when I am no longer around.
Insurance
Many people buy insurance to ensure they can leave a nice amount of cash for their families when they are no longer around.
It is also true that not everyone thinks that it is necessary.
Buying an insurance really is a commitment since early redemption would be losing all the possible interest.
It is a good way to force ourselves to save money for the future and it can be a nice retirement fund if we are still around many years to come.
When we are buying insurance, we should see the benefits and clauses behind carefully as there can be traps that insurance companies used to disapprove the insurance payout.
It is always important not to just see the great benefits on the surface but choose a reputable and trustworthy insurance companies.
Set aside a small percentage for saving
With the high expenditure of living, it is hard to save.
We agree that we should save but most of us may have spent to the last cent each month with different bills and loans to pay.
It takes great determination to forgo certain luxury like a fancy meal that we have weekly to save up the money.
As Christians, we were taught that saving little by little makes us rich.
Not many of us can strike the lotteries to have a sudden windfall of money but we can accumulate some money monthly to have a slow and steady accumulation of future wealth.
We have to set realistic saving goal that we can achieve. We should set an amount that we are comfortable with and does not affect our normal expenditure too much.
Making a will
Without an official will make, our assets can go through many channels and can even be denied by laws to our immediate family members.
For those of us we can afford, it is good to approach a lawyer to draft a proper will so that our distributions of all our assets can benefit our family members.
We can also use online templates for drafting our will on our own but we need to ensure that the will drafted is a valid one in our own country.
We must also choose a trustable friend or relative to ensure that our will is being carried out.
The fact that our assets like houses or even bank accounts can be freezed by laws and it can even take many years before our assets can be released to our family members without a proper will made.
In conclusion
Many of us are not steemit whales or millionaires that can leave a huge inheritance for our families, we should have careful planning for their future.
We should take time to reflect what are the possible plans we can make now as we do not know what can happen in the future.
Just like what Winston Churchill said about the failing to plan is the planning to fail.
We can even set up a small trust fund to donate to charity as well as regular payout to our family members to ensure the money left behind is well-spent.
Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth. By reading this post, you acknowledge and accept that. All images and pictures were taken from google images that are free from copyright under labelled for reuse.
Posted from my blog with SteemPress : http://fun2learn.vornix.blog/2018/11/04/giving-beyond-your-own-lifetime/
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