A card from Fair Play by Eve Rodsky
Estate Planning & Life Insurance
Who will take care of your kids if something catastrophic happens to you and your partner? Of course both partners will plan together as you think about long-term security for your family and life-and-death medical decisions, but ultimately this cardholder is responsible for making sure the job gets done so you can all sleep at night knowing there’s a worst-case scenario plan (and insurance funds) in place.
Holding this card means owning all three
Conception
Estate Planning & Life Insurance is needed
Planning
- Researching attorney/insurance agent or online service
- Selecting and informing childcare custodian
- Researching appropriate life insurance (term, whole life, etc.)
- Researching appropriate disability insurance
Execution
- Meeting with attorney to set plan or fill out forms online regarding will/trust, power of attorney, healthcare directive, guardianship designation
- Purchasing insurance policy
Suggested Minimum Standard of Care
Does the plan reflect your current family circumstances and is it legally binding and effective?
A starting point. You and your partner agree the real standard together, and the holder meets it without reminders.
Holding it well
- The holder owns all of it: noticing, planning and doing. No “just tell me what to do.”
- Agree the Minimum Standard of Care together, then let the holder meet it their way.
- Not working? Bring it to the weekly check-in and re-deal it. Don’t take it back mid-week.
Put this card on your table
Deal it, agree its standard, and see who holds what. Free.