Planning is more than just having official documents. Those are vital, but there are many things you can do to create a clear path for your beneficiaries to help them avoid the most significant problems and delays many face when settling estates.
Do your loved ones, or at least the people you want as your trustees and executors, know the details of your assets? What do they know about your accounts and policies? Do they know if you have a long-term care policy and what it provides for? How will your loved ones sort the family heirlooms from yard sale finds, and what is the best way to get rid of the rest of your “treasure?” Is there enough cash in the estate or trust to pay bills without selling assets?
Marc Levine, Esquire, on behalf of the National Institute of Transition Planning, will provide an overview of the important documents you should have in place now. The webinar will also guide you through tasks to be worked on both immediately and over time to help loved ones carry out your final wishes.
This webinar will cover:
– The need for a power of attorney and health care directive
– The need for a Will and possibly a revocable living trust
– Why you should strongly consider consolidating bank accounts, IRAs, investments later in life
– How to easily create an asset (and debt) road map, and how to complete a more detailed and involved one
– How to deal with family heirlooms – even if the family does not consider them heirlooms
– Funeral instructions
– Ethical and charitable instructions and wishes