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Printable estate planning checklist4/10/2024 This generally involves the preparation of a document such as a will or trust that makes the decedent’s directives clear and legally binding. Estate PlanningĪ crucial part of planning for the end of one’s life is estate planning, which is arranging for the management and disbursement of a person’s property - including their digital assets and accounts - upon their death. Life insurance also enables survivors to pay off any of your debts that may be left behind, or cover the mortgage on your house so your family doesn’t lose their home. These benefits ensure your family can take care of your final expenses, giving you the send-off you deserve, without going into debt. It’s not something anyone wants to spend money on, but an insurance policy that pays benefits to designated loved ones upon your death is essential for a number of reasons. Let’s look at some of the aspects of preparing for end of life. But there’s always a chance the unthinkable happens, and if that’s the case, you want your loved ones to have everything they need to get through a devastating time as effortlessly as possible. I don’t need to worry about this stuff yet,” you could very well be correct. Lantern, for example, is one such service - it’s online, it’s easy to use, and it helps you tick off all the items on your end-of-life checklist.īy the way, if you’re thinking, “I’m young and healthy. Let’s break them down into easily digestible parts, so you can make a plan to tackle each one.Īnd as you’re reading this, keep in mind that there are tools available to you make the process easier. “At the time a loved one dies,” says Austin estate-planning lawyer Tracy Willi, “even the most reasonable people lose their minds for about a year and a half.”Įven when planning in advance, the sheer number of decisions can be overwhelming. Without well-laid-out plans, loved ones are left confused and distressed at an extraordinarily difficult time. But this preparation for the ultimate loss is crucial. Planning for the end of a life is among the most important and also the most difficult tasks we face, whether we are planning for our own or for a loved one. The Ultimate End of Life Planning Checklist
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