5 Excellent Tips For Preparing Your End-of-Life Finances

— October 26, 2023—
Published in Resources / Blog
on lifehappens.org
by Mark Bisson

Too often, families are left unsure of the way forward when grieving the loss of a loved one, as plans for their final arrangements and corresponding finances are left unsettled before their passing. Taking a proactive approach to end-of-life planning can help ease these burdens. While this can feel like a somber task, it can help ensure your wishes are met & support a smoother transition for your survivors.

1. Consider who you want as beneficiaries of your estate
2. Get life insurance coverage
3. Appoint an executor and power of attorney (POA)
4. Finalize plans in a written will and last testament
5. Consider meeting with funeral or burial experts to pre-plan your services

Once your documents are finalized and you’ve made copies for the necessary parties, consulting with an attorney, financial professional and funeral consultant can help ensure everything is set in stone. An attorney will notarize your will, a financial professional can help you understand your life insurance options and your estate’s worth, and a funeral director can help ensure your end-of-life preparations are precisely what you envision. While this can feel like a somber task, it can help ensure your wishes are met and take stress off your loved ones in the future.

Mark Bisson

Life Happens is a nonprofit organization founded by industry leaders who recognized the need to provide more people with educational information about life insurance and related products. Learn more about Life Happens.

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