3 Estate Planning Steps For Young Families

Dependent children require resources for health, maintenance, support and education. Some support is provided through guidance while other support requires money. Parents must provide both but what happens if the parents aren’t there to provide either?

The first step is crucial: have reasonable life insurance.

Could you imagine raising someone else’s child if the parents left no money? Most current statistics state raising a child to the age of 18 costs $250,000. Costs are higher in the earlier years due to doctor visits, diapers and daycare. On the back end, higher education could require additional money beyond age 18.

Even if only one parent is gone can the remaining parent alone afford mortgage payments, taxes, utilities and the costs of raising children?

What would the quality of life be for the surviving parent?

A family with one young child should consider having $500,000 in coverage.

What are your life insurance options? Three common forms are term, universal and whole life. Universal and whole life insurances are more expensive because they never terminate if you properly pay your premiums. Part of the premiums builds cash value, which one can borrow against or withdraw.

For many families term insurance is the best option because it is much cheaper and ends when needs for life insurance often diminish. It does not continue indefinitely nor does it build any cash value. If the term is 20 years, you pay the same premium for 20 years and after 20 years the policy ends.

How much does term insurance cost? $500,000 of coverage for a healthy, non-smoking parent is often less than $40/month.

It’s a good idea to have coverage on a stay-at-home spouse to help cover child-care costs and future retirement earnings if that parent were to return to work when dependent children are older.

Step two is naming legal guardians for your children. Otherwise a court is left to decide who will raise your children. If you have a valid Will naming guardians, a court still appoints your children’s guardians but a court will almost always honor your request unless a valid reason is provided to the court to consider otherwise.

In addition to naming guardians a last will and testament can indicate distribution terms for your assets and appoint people to handle your estate. Wills can be created online or by attorneys and can cost anywhere between $100-$1000, depending on the attorney, your state and the complexity of your estate.

The third step is creating a trust. While a will is just a piece of paper with distribution and guardian instructions, a trust can be pictured as a box to hold assets for beneficiaries long after the parents pass until children are mature enough to manage money (from the sale of a primary residence, life insurance and other assets).

Some statistics show beneficiaries, regardless of age, spend their inheritance within two years. With a trust, beneficiaries can be forced to wait until predetermined ages before receiving their inheritance. If they need money prior to that age for reasonable health, education, maintenance or support needs, they may make a formal request to the acting trustee who says “yes” or “no”, based on how they think you would have responded.

It is this estate planner’s opinion that even age 25 is too young to receive money without any guidance because many children graduate from college at age 22 or 23. If a graduate knew in two years he or she would be receiving a decent sum of money, that child might not pursue and develop a career with the same intensity as a child not expecting to receive a sum of money in the near future.

Example: At age 30, beneficiaries can receive ¼ of their inheritance with no strings attached. At age 35, beneficiaries receive another ¼ and perhaps the remainder at age 40. Hopefully if the first ¼ is spent recklessly, they will be wiser the second and third time around.

Trusts can also maintain a residence for children and their appointed guardians until the children have finished school. This is very appealing for parents whose kids are entrenched in their school with their friends and if potential guardians don’t have a large enough home without buying a new home.

For beneficiaries with special needs who receive disability income, trusts can hold distributions to those specific beneficiaries to avoid a disruption in government assistance.

A Will can create a trust, called a Testamentary Trust, which forms after you pass. The downside to Testamentary Trusts is they will not help your estate avoid the court process of probate, which is how the state ensures the wishes of your Will are carried out correctly and creditors are given an opportunity to make claims against your estate.

Depending on the state you live in, probate can delay the transfer of the estate by months or even years. Quite often attorneys are hired to assist with the probate process, which can increase the overall cost of the process.

A common and simple way to ensure any delay in your estate’s transition is avoided is to create a Revocable Living Trust. Assets held by the trust avoid probate and can be distributed immediately once all debts have been settled. Living Trusts typically come with a Will called a Pour Over Will, which will name the guardians for children.

Living trusts can be found online or through an attorney. Costs average $500-$1500 though it’s not uncommon for attorneys to charge up to $5000 for a living trust.

Begin by contacting multiple insurance agents. Research estate planning online to understand the basics and prepare yourself with questions for an estate planner. To find an estate planner ask for referrals from family, friends, your insurance agent or your financial adviser. If they have none to refer, a search on the Internet and a few phone calls should help you find someone affordable.

The most important thing to understand about estate planning is it is not a one-time event of signing documents and feeling safe. It is a process that periodically needs review and updating. Find a good planner you can afford who will ensure the estate planning process fulfills your needs.

Nurse Schools: Preparing You for the Path Ahead

Nurse schools are going to help you to prepare for your future, giving you all of the different tools that you need to become a registered nurse. They will give you the education and hands on experience required to pass the major exam that you must pass to actually practice as a recognized nurse.

These nurse schools are so important because of the overall duties of an actual nurse. A nurse is required to do much more than stand behind a doctor and fill out paperwork. Nurses are relied on to take vital signs, administer medications, and educate patients on their issues, their medication, and their future diet and exercise needs. Some nurses assist doctors in emergency rooms and operating rooms, providing more in-depth care and hands on work than many expect. Nursing schools work to prepare you for all of these different aspects of nursing.

These schools first prepare you by taking you through the various courses that you need to take to understand the health care professions. Anyone looking to become a nurse is going to be put through courses in chemistry, biology, physiology, anatomy, and psychology. Nursing school also works to prepare students through courses like nutrition, physical therapy, and other general nursing courses.

The purpose of all of these different classes highlights the next step in the school’s process of preparing you for nursing. These various courses prepare you for the exam that you must take to become registered. The NCLEX-RN, National Council Licensure Examination-Registered Nurse, is the national exam that every nurse must pass to become registered. While states have their own specific additions, this is the general boards that must be passed before becoming licensed. Nurse schools will work with you to help you to better understand the test and what will be on the test. These schools will give you the information they can that will help you to be prepared for this final examination.

If you want to prepare for a specific kind of nursing you are going to need to look for extra credentials. These credentials can include gerontology care and pediatric care, among other things. Nurse schools can help you to prepare for the extra examinations that you must go through to be certified for these specific forms of nursing.

These schools will give you the education that you need to jump into the work force. While they will prepare you for the hands-on care you will give, the rest is up to you. Luckily, the nursing field continues to grow and expand with the overall expanded demand for health care services. The nursing field is expected to grow by over 20 percent in the next ten years. Nurse schools will prepare you to jump into this growing job market, giving you the tools that you need to quickly find a job in your career path.

Training and Preparation Options for Naturopathic Careers

Enrollment opportunities for those who would like to gain the education for a career are available through various naturopathic schools and colleges. Training and preparation options for naturopathic careers will help students gain the skills to work in a variety of professional places. educational training opportunities exist at different level in order to assist students in gaining the higher education that they desire. Studies will vary in length depending on the level of training that is begin pursued as well as the career that each individual is looking to enter into.

The process for gaining educational training includes choosing the levels of training that will be necessary for the student to become a naturopathic professional, as well as the specific area that will be studied. Opportunities exist at the undergraduate and graduate levels, but entrance into the workforce will require that a doctorates degree be obtained. Studies can take anywhere from two to eight years to prepare for a career as a Naturopathic Doctor. Educational training will need to be completed prior to pursuing a professional career. Students can prepare by choosing from one of the following areas:

  • Hydrotherapy
  • Pharmacology
  • Ayurveda
  • Herbology
  • Massage Therapy
  • Exercise

Once the choice has been made as to which area best suits the student, they can decide on the career that they would like to pursue. The type of career will depend on the level of training as well as the specific area chosen for training.

There are numerous career possibilities for students who wish to obtain the educational training necessary for a career in naturopathics. The skills that will be learned will depend on the career path that is chosen. Careers opportunities can include working as a professional:

  • Reflexologist
  • Nutritionist
  • Chiropractor
  • Natural Healer
  • Naturopathic Doctor

or other natural healing professional. Students can enter into the career they long for by receiving an accredited higher education and completing the required coursework that is provided.

The coursework that is provided will give students the chance to gain skills in a variety of topics that relate to their desired career. Students can look forward to receiving natural healing training, and learning anatomy, nutritional components, spiritual health, energy blockages, and more. accredited schools and colleges can also provide the chance to study alternative medicine, stress, bodywork, integrative health and wellness, and more. By completing educational studies in these areas, students will be prepared to seek employment and enter the workplace.

Accredited naturopathic schools and colleges can provide the quality career preparation that students’ desire. The Accrediting Commission of Career Schools and Colleges ( http://www.accsc.org/ ) is just one of the many agencies approved to provide full accreditation to educational programs that offer the best training. Students can learn more about the opportunities that are accessible to them by completing research on various programs and requesting additional information. By choosing to obtain a naturopathic education and career, students will learn the skills and knowledge that they will need in order to be successful professionals.

DISCLAIMER: Above is a GENERIC OUTLINE and may or may not depict precise methods, courses and/or focuses related to ANY ONE specific school(s) that may or may not be advertised on HolisticJunction.com.

Copyright 2010 – All rights reserved by HolisticJunction.com.

Why Sponsor a Child For 25 Cents

A sponsorship as little as 25 cents a day can make a world of a difference to children in third world countries. Take the next few minutes and read about the plight of the African child. You don’t have to donate but just read – after all, knowledge is power! It is important to know what is happening around you and in other parts of the world.

Childhood is a unique gift that any individual has the natural right to claim. But for many children this natural right is more of a myth than a reality. Because of their poor economic situations, which are a result of factors including poverty, HIV/AIDS and climate change, many children in third world nations such as Swaziland, Ghana, Indonesia, India and Senegal are not in school.

Furthermore, life-threatening diseases including diarrhea, pneumonia, malaria and measles have put many children in impoverished countries at risk. Globally, pneumonia and diarrhea cause 36 percent of child deaths among children under age 5, while malnutrition contributes to 53 percent.

The youth and children in third world countries who are not in school are instead busy looking after their siblings with whom they are orphaned together, working in factories where they are exploited as child labourers, working on the streets enticing unscrupulous men and women to plunder their innocence through prostitution so they can at least have a meal, or in luckier cases, they are in orphanages and orphan care-points where civil society and governments are trying to salvage some of their innocence by providing much-needed food, education and care for them.

Dire, as it is, this situation calls for immediate intervention, requiring everyone to use whatever available resources they have to save the future; the children of our nations. The above-stated facts are reason enough for one to contribute towards helping these children. The children can be helped as a collective – through sponsoring an orphanage or care-point, or they can be helped as individuals by sponsoring one orphan in an orphanage or village with a minimum donation of 25 cents per day.

Sponsorship helps provide necessities such as access to quality education, primary health care, nutrition, immunization, recreation and creativity inputs for the children. Sponsorship as little as 25 cents a day gives the child not only the necessary physical input needed for survival, but also the emotional input which is extended as care by the people that help the children to access the physical things such as healthcare. Sponsorship can also be used to help underprivileged children in formal education by paying for their fees, helping them to access a better education and better recreation facilities as well as provide improved health facilities for their use in the schools. These are other reasons why everyone should sponsor a child.

Our Health Care System – What Went Wrong? How to Stay Out of it and Survive

The Wellness Industry, as it has been named, has been with us in some form, quite possible, from caveman times. People have throughout history been aware of the curative, and deadly, effects of plants and animals, and many stories, such as old wives tales, have advice on how to maintain, or regain your health. Children were given castor oil as it was believed they needed to be kept regular. Blood letting was used to heal. The Chinese boiled up dried plants and animal parts to cure, or to boost sexual prowess.

The Medical profession, drug therapy and trusting your doctor to make the right diagnosis have for a long time been held up as the official, safe, provider of health-care. Therapies that have been considered as alternative are becoming more and more accepted to both the general public and the Medical profession. These therapies include chiropractic, homeopathic, conductive education and many others.

The Wellness Industry and the Health-Care Industry (sometimes described as the Sickness Industry) are now both trillion dollar industries. In one way they appear to be opposites, with the Wellness supporters aiming to stay healthy and the Health-Care supporters managing symptoms and disease processes as they occur. In reality it is not so clear cut. Doctors are giving green prescriptions to encourage people to exercise, stem cell therapy is being developed in an attempt to cure certain injuries and diseases, and plastic surgeons carry out surgery on people to improve their appearance when they have no underlying health issues. To some people, the Wellness Industry may appear to be simply expensive vitamins, but a number of companies are developing complex, technologically advanced products that have met needs such as drug free pain reduction and relief. More information is available to the public on health management with supplements such as omega-3 rich fish oils, and why we need it.

The Wellness and the Health-Care Industries have evolved from our desire for health and our need for management or support when our health is challenged in some way. How each of us measures wellness is very subjective, with some people being prepared to undergo tens of thousands of dollars on procedures to improve our appearance when in otherwise good health; while others rarely see a doctor and accept all aches and pains as being part of the aging process.

How each of us manages our health is also very subjective. Some of us grow our own organic vegetables, watch our diet, and take carefully chosen supplements. Others live for the moment, feasting on takeaways, have a high alcohol intake and smoke in spite of all the health warnings. Governments are challenged by the cost of health-care, and it is always an important item on the election agenda. A recent report on health funding showed that USA has the second highest spending as a percentage of GDP, but the quality of that spending is very poor. Governments are struggling to provide adequate health-care.

What part do we play in this problem and its solution? Responsibility for our health by avoiding smoking, high alcohol intake and drug use; and exercise and a healthy diet fall clearly on our shoulders. Simply expecting the medical profession, drug therapy and insurance companies to fix us places a massive burden on the Health-Care Industry. Chronic disease is rarely fixable, it can usually only be controlled and relieved.

Our body is designed to heal itself, and when properly fuelled and cared for it is able to do this. The Health-Care Industry plays an important role by being available to us assist when we become unwell. So what is the matter with the Health-Care Industry? The problem is both our attitude and our expectation of the Health-Care Industry. This industry is the ambulance at the bottom of the cliff and it is vital to our survival. If we damage our bodies through neglect, and abuse such as smoking and alcohol, we will end up asking for help from the Health-Care Industry. It is our responsibility to care of our bodies and the Wellness Industry can play a huge part in helping us to achieve that. It can be as simple as buying some vitamin C to get rid of a cold, to using holistic treatments under the care of a consultant to gain control over chronic health problems.

All of us, at some point in our lives will need to ask for assistance from the Health-Care Industry. At the same time, we should always be mindful of living a healthy lifestyle. It needs to become a habit, and second nature. By focusing on maintaining health, and asking for assistance from the Wellness Industry when necessary you will get the best of good health for as long as possible. Your body will thank and reward you for it..