How to Make Things Easier for Your Loved Ones
Do you want to ease the burden for your survivors and ensure that your wishes will be properly carried out after you pass away? Creating your estate plan and taking some important steps today will make things easier for your loved ones tomorrow.
After you pass, your financial affairs will need to be settled which can be a difficult task. In order to make things easier for the individual(s) designated to handle your affairs, invest some money and time now. Here’s how:
Organize Your Documents
Make a file folder labelled “Estate Plan” to hold copies of all your estate planning documents and store it in a secure place. The folder should include your will, power of attorney, advanced healthcare directives, living trusts, guardianship designations for minor children, as well as real estate and financial records. Make a copy of the file for each of your heirs and your executor.
Name Your Executor
Ensure you make a decision about who will be your executor: the person who will be in charge of managing your estate after you pass away. He or she will be responsible for settling any outstanding financial affairs and if necessary, dealing with the probate process. Be sure to select someone you trust and inform your loved ones so there are no surprises when the time comes.
Put Aside Funds
Make funds easily accessible for your executor for funeral expenses and any incidentals that may arise such as money to prepare your home for sale.
Make A Decision About Organ Donation
If you choose to be an organ donor, be sure to inform your executor and loved ones and put the decision in writing.
Be Clear About Your Final Wishes
Address issues about your funeral in your estate plan and inform your executor and loved ones. Consider whether you would like to cremated or buried and what you want to be done with your remains.
Keep Documents Up To Date
Changes occur frequently within families and it is important to ensure that you review and make periodic updates to your estate planning documents so that your assets are allocated to those you wish at the time of your death.
Creating your estate plan and taking the above steps today will help to ensure that your wishes are carried out in the future. It is important to make things as easy as possible for your loved ones so they can move forward during the challenging time after your death.
At Fingeret Law, we can help guide you through the process of estate planning and can answer or clarify any information that is unclear.
To discuss your specific needs and to find out how our estate planning attorneys in Pittsburgh can help you, please call us at Fingeret Law at 412.281.8222 or contact us online.