The holidays are coming to a close. Many of us find ourselves reflecting on the accomplishments and struggles of the last twelve months. As we look ahead to the New Year, we often think of the changes we would like to make. Some of us work on our health. Some of us work on our finances. Some of us choose to spend more time with family and friends, while others plan to travel. Regardless of the New Year’s resolutions we plan on making (or breaking), there is one task that all of us ought to consider. All of us, without discrimination and sometimes without order, will be broached with having to deal with the death of a loved one.

Sit down with your family while the conversation can be lighter, intangible, and perhaps a little candid. Discuss your wishes and arrangements ideas.

Not sure how to start the conversation?  

Here are a few conversation starters:

Other matters to discuss include the following:

Gather all data about yourself and family. Not sure what to include? Here is a link to our arrangement form to give you an idea of the information required to complete necessary documentation at the time of death.

Have your Last Will and Testament in order and in a safe and accessible location.

Gather life insurance and other types of insurance (disability, home, auto, health, travel, mortgage, etc) information including coverage amounts, policy numbers, and beneficiaries.

Record the location of other important documents such as:

Make note of all utilities and services providers, including cable, phone, memberships, social media). Make sure to incorporate account numbers and all other pertinent direction.

Let your family know where to find how much you have and where you keep it. A family does not want to be left wondering about mystery bank accounts or money under mattresses.

Look for worksheets where you can record a list of your assets and liabilities.  We offer families The Executor’s Toolkit  as a means of simplifying the the estate management process.

Talk and make note of as many details as you can for your family. Having the conversation ahead of time and having the information placed somewhere safe in an orderly fashion will save your family time when it is needed.

Take the opportunity to start the year off by preparing for the worst so that you can enjoy the best.

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