KRISTI RONYAK
FEATURE
PREPARING FOR THE UNSEEN :
Estate Planning for Construction Professionals
KRISTI RONYAK
How many of us spend hours upon hours planning each day ? We plan our next projects , transportation to and from work , we plan for weather down to our family vacations . We all put a little effort into planning . Have you thought about a plan for when you pass ? My father used to say , “ None of us are getting out of this world alive !” The inevitable will happen to all of us one day . Because of the dangers in the construction industry , we want to make sure that our families are taken care of when we pass , so we need a plan for that , too . Being prepared takes planning , and there ’ s no better time to start planning for your future and establishing an estate plan than now . Death and life insurance are both sensitive topics that most people don ’ t want to address until it ’ s too late . As we all know , accidents and illnesses can happen to anyone at any age . There are many decisions to be made while planning for death . The choices you make will be clearly written in your Last Will & Testament , a vital document your loved ones will appreciate in your absence . In your Will , you can list specifics regarding trusts or life insurance policies . If you do not have life insurance , consider making this purchase while younger to take advantage of any discounts that may be offered . While many companies offer life insurance policies or death benefits for funeral expenses , others do not . There are several types of life insurance to choose from including term life , universal life and whole life . Some insurances can even be used for tax and retirement planning . By contacting a professional to guide you , you will save time and money to give yourself peace of mind . Tamra Ksiazek , Vice President of Employee Benefits with Zervos Benefits Group makes a few suggestions .
“ Make a list of your assets and wishes . All of this information can easily be written down and set aside in the Living Will until that time comes ,” Ksiazek says . “ Make an appointment with an Estate Planning attorney , or go online and download a Living Will for yourself . Ask your employer if they offer any type of life insurance . This is a great way to get life insurance at discounted group rates . If you have a financial advisor , ask them if they sell life insurance . Maybe your friends or parents know a trusted life insurance professional , someone who can review your options and see what is best for you and your family .” Once your plan is in place , there is a relief in knowing your family will be able to focus their time remembering you , rather than worrying about financial issues . Making a plan ahead of your passing may ease some of the burdens your loved ones will face while grieving their loss . All too often at Construction Angels , we see loved ones leave for work and never return home due to a tragic accident . Whatever the circumstances , having a plan in place will put your family at ease and allow them to grieve comfortably .
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