Tenise Owens is a firm believer that “girls just wanna have funds.”

Owens, who has 13 years of experience in the field of trust services, spoke to women at the September installment of the Female Factor luncheon on Wednesday.

“As women, you have some unique concerns,” Owens said. “Women statistically outlive men by 4.9 years.”

Owens, who is with Troy Bank & Trust, said that now is the time for ladies to take interest in their finances, especially considering they could be the sole executor of their estate.

“You need to know about financial documents and about financial planning,” Owens said, stressing the need for a will.

Owens explained to the ladies present that setting up trusts was a great option instead of simply willing money to minor children.

“You can be so creative,” Owens said. “You can give immediate access for health care funds and education, but restrict the rest until a certain age.”

She also explained that naming a power of attorney was a great tool in estate planning, but careful attention should be paid as to who is granted that power.

And power of attorney does not extend to healthcare decisions, or after a person’s death.

“The power of attorney dies with the person,” Owens explained. “That’s when a will comes in.”

Even though talk of finances and legalities may seem overwhelming, Owens said there are professionals at banks and other financial institutions who are there to help. Owens encouraged women to talk with their families about their plans and then follow through with documenting their wishes.

Female Factor lunches are held each month and are free to attend for area women. The lunches are sponsored by Troy Regional Medical Center.