End-of-life Planning Tips
Consider your Beneficiaries
- Take time to decide who you want as beneficiaries of your estate.
- Update beneficiaries across different financial accounts.
- Report any changes encountered to ensure a smooth process after your passing.
Get Life Insurance Coverage
- Life insurance can provide financial support for your loved ones after your passing.
- Beneficiaries can claim the death benefit to cover expenses like funeral costs and medical bills.
Appoint an Executor and Power of Attorney
- Choose a trusted family member or friend as the executor of your will.
- Consider appointing a power of attorney to make decisions on your behalf if needed.
Finalize Plans in a Written Will
- Meet with an estate lawyer to notarize your will and last testament.
- Include roles of family members, beneficiaries, and any advanced directives.
Meet with Funeral or Burial Experts
- Pre-plan and budget for services after your passing to relieve family stress.
- Decide on burial or cremation, resting place, and officiants.
- Write preferences into your will to guide your power of attorney.
Enlist the Help of Experts
- Consult with an attorney to finalize documents.
- Seek advice from a financial professional on life insurance options and estate worth.
- Work with a funeral director to ensure your end-of-life preparations align with your wishes.
