Prosper Newsletter: April 2006 > Financial
You understand that the following information is educational in nature and is not intended to be legal, accounting, or tax advice. You are responsible for your own financial decisions and should consult your own legal, accounting, and tax advisors before making your financial decisions.
Couple Purchases Program Years Before, Sees Benefit From Putting It To Use With Coach!
We purchased the Transforming Debt into Wealth program over two years. Unfortunately we did not implement the program immediately. In hindsight, this was a big mistake and in the long run it cost us 10's of thousands of dollars in interest payments and lost investment revenue.
We have since implemented the program and have taken advantage of the supplemental coaching/training offered by Prosper Learning. We have dedicated ourselves completely to becoming debt free and financially independent. We will pay off two homes and all current consumer debt, totaling $324,000 in exactly 7 years (October 2012).
This program and the services offered by Prosper Learning are invaluable tools for regular people to get out of debt and become financially independent. The folks at Prosper are great and very helpful. Thank you!
- Jim and Deborah K.
Stevensville, MD
Do you have a Will? Everyone knows that they should have a will, but fewer than half of all Americans have a will. A will let's you control what happens to your property (assets) after you die.
What happens if you die without a will?
Every state has enacted their own laws of descent and distribution. If you die intestate (without a will), your state legislature has already decided how your property will be distributed. This default will may not accomplish what you would have liked for your heirs.
What does a will do?
A will designates a guardian for minor children and governs to whom your property goes after you die. It does not govern your nonprobate assets (life insurance policies, retirement plans) that by force of law or contract have beneficiaries determined. A will can also create a trust with a designated trustee to manage the disposition of your assets.
How do you get a will?
A will must be signed in the presence of witnesses and notarized. You can consult with an attorney or do it yourself.
Some great resources for do-it-yourselfers can be found at:
www.suzeorman.com for only $13.50. http://www.medlawplus.com/library/legal/lastwillandtestamentform.htm and
http://www.abanet.org/rppt/public/home.html both contain additional information about wills.
