Monday, March 30, 2009

You'll want to read this before you die




By Kimberly Matas
Posted By: Liwin Troy Lee

Businesswoman Belinda Mossor was reeling from the unexpected death of her father, Harry, in 1998.

"It was total chaos," Belinda Mossor said. "My father was ex-military and ex-civil service, and he retired with 32 years in the military and 20-some in civil service. When he died, he had absolutely nothing in place. There was no will, there were no directives and it was extremely hard.

"He had not stipulated whether there was a life- insurance policy to help with the financial burdens," Mossor said. "He did not have anything in place for what he would want for burial or cremation. He just felt that Social Security or Medicare and the value of the house that they lived in would take care of her (Marjorie Mossor) and take care of everything."

It took three years for Mossor and her mother to sort out Harry Mossor's finances, insurance and other assets. Eleven years later, Marjorie Mossor is still learning new things about her late husband's finances. Recently, she received a letter from an insurance company informing her of dividends from a policy that belonged to him.

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