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Checklist for my death preparation4/28/2024 ![]() ![]() After you have organized your documents and information, you should let your executor or power of attorney know about it, including where you keep everything.Īn experienced estate lawyer can be a big help with your choice of fiduciary. Be sure to ask your primary person if they are open to helping if anything happens to you. Also, consider naming a backup in case your first choice can’t do it - that happens all the time. You should give a lot of thought to choosing someone whose values are consistent with your own. Sometimes this person is called your “Executor,” “Trustee,” “Power of Attorney,” or “Patient Advocate.” The selection of your fiduciaries, including backups, is easily the most important estate planning decision you will make. Your “fiduciaries” are the people you choose to handle your financial and medical affairs if you are not able. If you have a financial advisor, you can always ask him or her for help. Then another day you make a list of your online accounts.ĭivide and conquer! Tax time is a good time to make progress because you have to put a lot of related information together anyway. Maybe today you identify your important papers and next weekend you make a list of your assets. Nobody likes to think of their own demise, but remember, you don’t need to organize everything perfectly all at once. The biggest challenge is getting started. If you don’t already have a designated area, your first step is to pick a single space where you are going to keep everything. Not only will this save your family time if they have to handle your affairs, but it will also keep you organized. Many people have one file or cabinet drawer dedicated to dealing with an emergency. Try to have one central place for the types of documents and information your family will need when you pass away. The best time to get started is when you do your Will or Trust, but if you already have those documents, then there is no better time than the present. But you don’t need to do it all at once! We recommend you spend no more than an hour at a time over the course of a few weeks. There is a long list of tasks you need to do, so pace yourself.ĭepending on the number of accounts and properties you have, it will take at least a few hours to get it all done. Here are a few tips picked up over those years to think about before you begin. ![]() We have helped thousands of people get their affairs in order and have worked in estate planning for over 25 years. ![]()
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