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Episode 80: Mike Askew Talks About Our Favorite Things: Death and Money
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In today’s episode, we feature the owner of Askew Funeral Home, Mike Askew. Not only did he open his funeral home to help our family transition my grandmother to the afterlife, but I was impressed with his professionalism and knowledge. I am so excited to share with you all some of the lessons I’ve learned through my grandmother’s passing and to help you all get through a difficult time. Here are some of the major takeaways I want you to get from my guest:
✅ Plan Your Funeral:
It is extremely important to make sure that your loved one has a money saved to pay for any home going expenses. Mike speaks on starting a trust, which you can start at a funeral home or at the place you bank with. He also speaks on life insurance, which is basically a policyholder paying insurance to help pay for funeral expenses and anything else to relieve the financial burden of the family when they pass. Mike recommends a $50,000 policy for the average American.
✅ Pick a Person
Mike also speaks on having a designated person to handle all of a deceased person’s finances and any other aspect of their estate. This makes the transition process so much easier. This person will be in charge of paying the deceased person’s bills, calling companies, and settling any money matters.
✅ Everybody Gets a Will
Mike emphasizes that everyone get a will. A will is the only voice of a deceased person telling their family how to settle their financial matters. Even if your loved one doesn’t have a house or money or seemingly any possessions to pass on, a will removes any red tape on accessibility. It removes any headaches!
I want to thank Mike Askew again for his time and expertise. You all, unfortunately, the passing of a loved one does end at the funeral. There are so many other factors you have to settle. Make sure that your family plans as much as possible so you can spend more time grieving and celebrating your loved one’s life.
Get information on Askew Funeral Home Here.
Interested in Investing in the stock market? I have a stock market definitions cheat sheet here.
Music:
bensound.com
Contact Ashley:
@stacksnthecity
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