The past twenty years has seen no shortage of natural disasters hit the U.S. From Hurricane Katrina back in 2005 to the droughts hitting much of the Western part of the country in recent years to the ice storm in Texas last winter, it seems no part of the country has gone untouched. Most recently, Hurricane Ida ripped a path of death and destruction across the continental U.S. unseen in a very long time. From Louisiana all the way up through New York, people had their lives upended and their homes destroyed. These type of events are a grim reminder about the unpredictability of Mother Nature and how our lives can change in an instant (I’ll save the climate change discussion for another time. lol). It’s also a reminder of how important it is to be prepared for the unexpected. While you can’t predict when and where the next great storm will hit, you can have a plan ready for if and when one does hit. You can have plans regarding what it worth saving and what isn’t. You can decide in advance what assets you can sell or divest to come up with the money needed to rebuild. You might even go so far as to decide whether you will want to rebuild or whether you will relocate to another area. Along with having plans surrounding these questions, you can also mentally run yourself through scenarios in which you may need to enact your plans. Think about what you would do if a hurricane hits. Would you rebuild, depending on the damage? Would you seek to relocate elsewhere? What about if you get hit with a non-nature related event, such as a medical emergency? How would you pay for that? These are important scenarios and plans to think through and prepare for. If you are in the process of making plans for the unexpected, you should speak with a financial advisor or wealth manager. They can help you discuss finances and assets and help you get a sense of what is the best way to go about either spending your money or divesting of assets. Along with all this–and not to sound too morbid here–but you may also want to use this process to consider your affairs and get them in order if you haven’t already. You can also include an estate planning attorney in those discussions to help get your will and any medical directives you may have recorded and properly executed. Are you ready for the unexpected?