The more you can do to get a comprehensive estate plan in place, get organized, and communicate your wishes, the greater the burden you remove from your loved ones shoulders. All tasks are easier, if youre alive and well, providing guidance.
Remove a Burden by Providing an Updated List of Contacts
Keep a file with contact information for your estate planning attorney, financial advisors, insurance professional, clergy person, and friends/family to be contacted if youre ill or have died.
Also include contact information for people who have worked on your house or provided other services such as lawn care, cleaning, handyman, plumber, electrician, realtor, mechanic, and the like.
Remove a Burden by Providing an Updated List of Usernames and Passwords
Your loved ones will need to deal with your accounts and online assets such as investment accounts, bank accounts, eBay, Shutterfly, emails, LinkedIn, Facebook, Twitter, PayPal, etc. Its imperative that they have access to your accounts so they can find your assets, respond to emails, have access to family photos, and take down social media accounts, if thats what you prefer.
For More Information
For more information on removing a burden from your loved ones shoulders, please kindly read part three of this article, Planning with an Estate Plan (and More) Removes a Great Burden (Part 3 of 3). Well discuss providing up-to-date estate planning documents and wishes.
- Attorneys Want to Help - December 14, 2016
- Trusts and the Estate Tax - December 14, 2016
- What Is a Third Party Special Needs Trust? - December 14, 2016
