This year one of our resolutions (for hubs & me) was to do a lot of not-so-fun things that we’ve been putting off for far too long in the name of finally growing up and becoming adults.
We’ve planned things out so we have at least one or two big items to knock off our list every month. Hopefully by the time December 2015 roles around we’ll feel much more settled into our “adulthood” and many of these important items will be distant memories, having been taken care of months prior.
For the month of January we have a couple big things on our “Becoming an Adult” list:
- Make wills for myself and hubs
- Fill out power of attorney forms for myself and hubs
- Add each other to our savings/checking accounts
I wanted to give a little mid-month update on how these things are going.
We used Legal Zoom to make wills and fill out power of attorney forms. It was so, so easy and painless! I really thought there would be a lot more emotion wrapped up in it (it just seems so morbid to be making decisions about who will raise your kids if you and spouse die, etc.), but it really wasn’t nearly as bad as I’d expected. And it was quick! Only about 10 or 15 minutes total! This is not an advertisement (I’m not being paid by them, nor did I receive any discounts or anything), but I really would recommend the website for simple wills (if your estate is super complicated you may need an actual attorney).
Buuuuut (there’s always a but), when the documents arrived at our house I realized things would be a bit more complicated. Apparently in the state of Arizona wills have to be notarized PLUS have a witness signature, and the witness cannot be the notary, nor can they be anyone related by blood or marriage (so hubs and I cannot be each others’ witnesses). So we’ve reached a bit of a hangup. It’s not a big deal to get a friend to go with us to have the documents notarized and serve as a witness, but it takes more arranging of schedules and whatnot. It WILL happen this month, but its not done yet.
The checking/savings accounts are not complete yet either. I called and talked to my bank(s) to see if this could be done online and no, it cannot. I have to go to the banks in person with husband to have him added to my accounts (and have me added to his). Not huge, but just another annoying hurdle to getting everything in place.
But at least we’re in the process of working on this month’s goals. I’m sure glad we broke things down into bite-size chunks because it seems like everything is just a little bit more annoying/time-consuming/difficult than expected. It’s nice that we’re not trying to do everything all at once. If you want to see some of our other goals for this year (the year of becoming an adult), see the post I wrote about here. I’ll be sure to keep you updated as the year moves along.
Do you have any big financially-relevant goals this year? What are you working on?