The unforgotten element of business and life

Discussion in 'Business Operations' started by Mdirrigation, Dec 6, 2004.

  1. Mdirrigation

    Mdirrigation LawnSite Gold Member
    Messages: 3,794

    Great friend of mine , 52 years young , strong as an ox , first to lend a hand , father of 4 . Went to Florida for a month to help a friend . He comes back with what appeared to be a slight chest cold 2 days later he is hospitalized ,on a breething tube and very close to death . A month later he is still there with no improvement , the doctors have no clue.

    The point of all this is he has no will , no power of attorney , and is also owed money but only he knows who owes it. All he has worked for will shortly be gone . It can happen to anyone , at any time.

    No matter what your age


    Appoint someone with your power of attorney

    Get a living will.

    Protect your family

    Get out and live , nobody has ever uttered their final words " I wish I spent more time at work"
  2. rodfather

    rodfather LawnSite Fanatic
    Messages: 9,501

    Very smart, and yes, I have all this...
  3. CRM Lawncare

    CRM Lawncare LawnSite Member
    Messages: 176

    Just redid my will and my wife's last month.

    New Living Wills

    New Wills specifing custody of little one if wife and I both die.

    Set up trust so relatives can't blow my daughters inheritance

    This cost me $150.00 at my attorney's office. Probably the best money I've spent in years.

  4. TurfGuyTX

    TurfGuyTX LawnSite Senior Member
    from DFW
    Messages: 648

    A friend of mine died unexpectedly last year. It was a surprise to everyone that he didn't have any life insurance. Besides grieving, he family has suffered tremendously trying to survive financially. Life insurance is too cheap to ignore!! <a href="" >Save&nbsp;up&nbsp;to&nbsp;70&nbsp;%&nbsp;off&nbsp;term&nbsp;life&nbsp;insurance</a><IMG border=0 width=1 height=1 src="" >
  5. KCLandscape

    KCLandscape LawnSite Senior Member
    Messages: 524

    Having a estate lawyer in the family, I have heard the same stories. When I talk to him about what I can do to prevent these things...
    Get a will... avoid probate at all costs!!!
    Set up a trust for you and the family.
    Have the people that you want to run your affairs after you are gone become a part of your trust.
    Better safe than sorry, dont want your kids to pay your bills after you are dead, do you?
    If you want more info, send me a note and I will post you some links.
    PS I have 2 kids and want the best for them when I pass on to the great lawn in the sky....with the rider!
  6. TurfGuyTX

    TurfGuyTX LawnSite Senior Member
    from DFW
    Messages: 648

    I've got one $500K term insurance policy that cost me only 30 bucks a month. It'll be a good start for my family if something unexpected comes up. I have a living will in addition to everything else. Who wants to not have any say if they end up in a coma or on life support.
  7. TurfGuyTX

    TurfGuyTX LawnSite Senior Member
    from DFW
    Messages: 648

    This is one of the places I looked at for insurance.

    <a href="" target="_blank" >
    <img src="" width="120" height="60" alt="" border="0"></a>
  8. Lux Lawn

    Lux Lawn LawnSite Silver Member
    Messages: 2,267

    I hope your friend comes out of it o.k.

    good advice it really makes you think because I still need to get a will done and a friend of mine is an attorney and will do it for free so I have no excuses just one of those things in life you don't want to think about.
  9. Tn Lawn Man

    Tn Lawn Man LawnSite Senior Member
    Messages: 479

    I'll say a prayer for him and his family

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