![]() ![]() Make sure your loved ones know where to find important documents and items that they may need in the days after your passing. A few examples include your will, information about accounts, life or other insurance policies you have, the deeds or titles to things you own (like your home or car) - really any important financial paperwork. Consider creating a “Where to Find” file or spreadsheet that lists out the locations of these types of items. Your medical or health care power of attorney is the person you trust to make medical decisions on your behalf if you are unable to do so yourself, such as if you are incapacitated or unresponsive. Along the same lines, consider creating a living will that outlines what kind of medical treatments you do or don’t want to receive in the event you become incapacitated. In addition, a financial power of attorney can make financial decisions and handle your financial affairs during your life if you’re unable to do so. You should also review your designations periodically to ensure that they still reflect to whom you wish to leave those assets. Beneficiary designations trump what’s in a will, so it’s good to make sure they work with your estate plan. On a similar note, it’s important to review your bank accounts, brokerage accounts, retirement accounts, life insurance policies and certain annuities to ensure that you have designated beneficiaries on each account or policy. Ask yourself: Are all your major assets included in your trust? Do you wish to make any changes to how your property will be split? BENEFICIARY ASSIGNMENTS Your will is a document that outlines your wishes following your death and can be used to distribute any assets you have. However, many people use a trust rather than a will to distribute assets. If you don’t have a will and/or a trust, work with your advisors to create one. If it’s been a while since you wrote your will, review it so that you are certain it’s up to date. Educational Resources About Family & WorkĬreating an end-of-life plan isn’t top of mind for most people, but it’s incredibly important. Not only does it ensure your wishes will be respected when the time comes, it will also take pressure off your friends and family during a difficult time.Įstate planning is a key way to put such a plan in place, and it’s a good idea to talk with your attorney and financial advisor to ensure whatever you put together is financially and legally secure. But to help you get started, this end-of-life checklist gives you a rundown of some key things you’ll have to think about when it comes to estate planning and other important decisions to make.Educational Resources About Everyday Money.Educational Resources About Financial Planning.Disability Insurance Calculator Money Parachute icon.Disability Insurance For Doctors and Dentists.
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