My generation is at a point where we need to make certain plans
The following are some suggested documents that might help us plan for the inevitable for ourselves or our loved ones.
Download, Print them out, and Put them in a 3 ring binder
Additional Helps from Kiplinger:
- Time to Face Reality: Your Kids Don’t Want Your Stuff!
- Estate Planning Checklist: 5 Tasks to Do Now, While You’re Still Well
- Social Security Basics: 12 Things You Must Know About Claiming and Maximizing Your Social Security Benefits
- Vets, Don't Miss Out on 'Hidden Benefits
- Updating Your Estate Plan? Don’t Make These Top Mistakes
- A Checklist for What to Do (and NOT Do) After Someone Dies
- When Do Living Trusts Make Sense?
- How to Protect Your Home From Deed Theft
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2 comments:
I'm in this process may need this again. I'm under the understanding on bank acc you can list the beneficiary and when you die they go to bank with death cert and ID.
Regarding your comment about access to the bank with a death certificate. I am not a professional but a search on this question says:
"If someone has a named beneficiary on their account, that person can withdraw money after the account owner dies. If not, the bank account is closed and its balance will be divided up according to the deceased’s will or the intestate succession laws of the state."
You may want to ask the bank in question to be sure
Some banks or states may not make funds available until after a probate hearing.
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