3 Steps to Get End of Life Documents Organized

Wednesday, July 12, 2017
When you organize your end of life documents, you can take the strain from your loved ones during a difficult time and ensure your legacy is honored in the way you choose. Follow these 3 steps for funeral planning, passing on your wealth, and streamlining final affairs.

1. Keep your will updated and filed

If you pass unexpectedly, would someone be able to find your will? And would it reflect your wishes? If you're unsure about either of these questions, review your will with the help of an estate planning attorney. Your will can be changed as often as you like; however, the most recently filed version is considered valid once you pass, so make sure it reflects your wishes. Then file the will in an easily accessible location.

2. Pre Plan your Funeral

Pre plan your funeral to get the service you desire and absorb the costs now. When you do not pre plan, your family may choose arrangements you wouldn't have liked. Settling the matter relieves stress, both emotional and financial, during an already difficult time.

3. Get Financial Matters Organized

After you pass on, your executor will have to close your accounts, handle your taxes, and distribute your wealth. Make it easy for this individual by organizing your information. Put paperwork for any bank accounts, retirement accounts, stocks, or pensions into files. Write down account login credentials for online access. Call your financial institution to add account benefactors. This extra step allows your beneficiary to access the funds after you pass, without delay.

You know best what assets you have and how you wish to disperse them. Taking the time to get these affairs in orders is a gift to your loved ones as they grieve your loss.

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