Planning for “ What If …?”

Tools for Protecting Your Family and Managing Your Assets

Whether your assets total $60 or $60,000,000, you need to have a plan for who will pay your bills and handle your finances, where the money will come from in case of emergencies and illness, and how your property will be distributed.

This series of fact sheets introduces a number of techniques including legal tools, insurances, government programs, and others. It is organized as a series of fact sheets, with each one explaining a different tool:

In English:
•  Introduction to Planning for “What If …?”
•  Emergency Fund
•  Disability Insurance
•  Life Insurance
•  Social Security
•  Medicaid
•  Long-term Care Insurance
•  Forms of Property Ownership
•  Power of Attorney
•  Trusts
•  Wills
•  Additional Resources

En Español:
•  Introducción
•  Fondo de Emergencia
•  Seguro De Vida
•  Seguro Social
•  Seguro Por Incapacidad
•  Medicaid
•  Seguro de Cuidado a Largo Plazo
•  Formas de Poseer Propiedades
•  Carata Poder
•  Fideicomisos
•  Testamentos
•  Recursos Adicionales

Disclaimer: These fact sheets are merely an introduction designed for educational purposes only. The area of estate planning is extremely technical and filled with opportunities to make costly mistakes. Seek expert advice that will address your specific situation before taking action on your estate plan. You may need to consult an accountant, attorney, financial planner, or a representative from the Social Security Administration or your state Department of Human Services. See the last fact sheet, Additional Resources , for links to professional associations and other sources of information.

 

Reviewed and updated as of October 2006

E-mail:

Consumer and Family Economics
Department of Agricultural and Consumer Economics
University of Illinois Extension
University of Illinois Urbana-Champaign