Does your family know what you want? It does NOT matter how much money or assets that you have.
16 things you should do before you die, whether you are single, married with or without children.
https://www.investopedia.com/articles/retirement/10/estate-planning-checklist.asp
1. Make a list of everything that you own.
2. Document your non-physical assets, such as 401K plans, IRAs, life insurance policies, long-term care insurance, homeowners, auto, disability and health insurance.
3. Assemble a List of Debts
4. Make a List of Memberships
5. Make Copies of Your Lists
6. Review Your Retirement Accounts
7. Update Your Insurance
8. Authorize “Transfer on Death” Designations on your bank accounts
9. Choose a Responsible Estate Administrator
10. Draft Your Will
11. Regularly Review Your Documents
12. Copy Your Administrator
13. Visit an Estate Attorney and a Financial Planner
14. Simplify Your Finances
15. Complete Other Important Documents
16. Take Advantage of College Funding Accounts
My 94-year-old mother died 4 months ago. I was her power of attorney and trustee since 2014. I am extremely grateful that she had all her documents already in place. I enlisted an attorney in 2017 to create a trust for my assets and had it updated in 2021. If you are over eighteen it is crucial to create a will at a minimum. It does not matter how much you have or do not have in material assets.
Call me if you need help. Your family will thank you if you take care of these vital things.
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