Tuesday, November 20, 2012

5 Things About Your Estate Plan You Should Share

Image credit:  www.sxc.hu - free image

The holidays are upon us, and with them come gatherings of relatives and family.  Often a time of joy, it is always an opportunity to make sure your loved ones have essential information.  As I type I can hear my husband now -- seriously Melinda, what a downer topic for a holiday meal.  Okay, yes, maybe not at the table, but during the course of a visit ask yourself, do these folks know what they need to know?  Here would be my top five:

  1. Location of my powers of attorney and will (assuming my husband cannot act);
  2. Name and number of someone willing to care for our cat's in the event of an accident or death;
  3. Location of a list of our assets (retirement accounts, life insurance, business bank accounts);
  4. Where to find information on what bills are on auto-pay with our credit card and or checking account; and
  5. How to find contact information for the people we've named as guardian of the children and their trust.
The people you share a holiday meal with are often the people you will turn to in crisis.  Life will be just a bit easier if this information is shared.  May it dampen the mood?  Yes, but follow-it up with a good comedy or nature walk.  That is how this estate planning lawyer would view the opportunity.

No comments: