Spare your loved ones the hassle and have peace of mind. What are some of the most important things you can do now? Here is a handy checklist of some things you can do & some of the Estate Planning forms you’ll need! Keeping these things together & readily available is one of the most important things you can do.
1.) Gather important Documents & Contact Information - Property deeds, vehicle titles, official certificates (birth, marriage, etc.), Estate Planning forms, etc. You need to gather & keep these in an easy to access location.
2.) Execute a Last Will & Testament – a simple will is one Estate Planning form that everyone should complete, they’re fairly uncomplicated & inexpensive [Get started now]
3.) Complete Advance Directives or a Living Will - This would be your preference on treatment should you be incapacitated.Issues addressed include breathing tubes, feeding tubes, and other life-sustaining medical treatments.
4.) Put in place Power of Attorney (Health, Financial & Mental) – Again, this small but mighty Estate Planning form is something that everyone should complete, don’t hand over your powers to the wrong person [Get started now!]
5.) Establish a Living Trust - These can provide for fast distribution of your assets, help avoid estate taxes and keeping your financial affairs private.
6.) Update your Beneficiaries - Keep beneficiaries up-to-date on any life insurance, retirement accounts, pensions, or pay-on-death accounts.
7.) Secure your Accounts & Assets - It's not just bank accounts & investments. You need to make a list of shopping accounts & social media, too.
8.) Keep Everything Current - You need to regularly revisit the documents to make sure things haven't changed.
9.) Plan Your Arrangements - This can include organ donation, as well as funeral plans, including how they are to be paid for.
10.) Notify Your Family Members - The clearer they are on what you want, the more likely it is that your wishes will be followed.
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