End of life financial planning can be a difficult time not only for yourself, but your family, friends and other loved ones around you.
End of life planning encompasses creating a checklist of everything you have done with your estate planner, and evaluating the last things that needs to be done to pass your assets on after your death. These are a few simple end-of-life planning questions to consider when finalizing your estate:
- Do you have a will?
- Do you have a living trust?
- Are your beneficiaries set up?
- What will life insurance cover?
After all of these documents are drafted and signed, and assets are properly titled and managed, the next step; perhaps the most important step in end of life planning is to help your loved ones out during the last stages of your life.
When end of life planning, it is important to communicate the following to your loved ones and beneficiaries:
- Where are documents located
- Where can they find the phone number for your estate planner and advisers
- What are your wishes for burial and services
- Other end of life planning considerations
You still have life to live, but having an executable plan with the assistance of a qualified estate planner is a crucial aspect of end of life financial planning. You want to ensure your assets are passed on to your beneficiaries without a hitch, and your legacy can live on for a long time to come.
Meet with an experienced estate planner at Landmark Bank today, and find out where you are in the process of end of life planning. Our team can assist you in thinking through your plan and executing it while you are still able to.
Our team is made up of compassionate, experienced estate planners who deal with end of life planning on a regular basis. Partnering with an estate planner from Landmark Bank will ensure your estate is in good hands today, and will continue to be in good hands in the future. Contact us today to learn more about our end of life planning services.