![]() If your legacy is important to you, then you need to take the time now to plan for that legacy. Options typically include deleting the account or memorializing it, which typically freezes your account as is, preventing it from being hacked in the future. Some social media accounts allow you to specify your wishes for what happens to your account after you’re gone. In other cases, your family will need to notify the social platform. But make sure you’re also safeguarding it enough that it doesn’t fall into the hands of the wrong person. Keep a record of the online usernames and passwords for any logins you may have. This should include financial accounts, social media, email or any other places that you think your loved ones may need to log in for you. Keep the list in a safe place. This can help your family as they handle your affairs. For both your paperwork and your passwords, it’s important to make sure people can find this information should they need it. Make sure your loved ones know where to find important documents and items that they may need in the days after your passing. A few examples include your will, information about accounts, life or other insurance policies you have, the deeds or titles to things you own (like your home or car) - really any important financial paperwork. Consider creating a “Where to Find” file or spreadsheet that lists out the locations of these types of items. ![]() Your medical or health care power of attorney is the person you trust to make medical decisions on your behalf if you are unable to do so yourself, such as if you are incapacitated or unresponsive. Along the same lines, consider creating a living will that outlines what kind of medical treatments you do or don’t want to receive in the event you become incapacitated. In addition, a financial power of attorney can make financial decisions and handle your financial affairs during your life if you’re unable to do so. You should also review your designations periodically to ensure that they still reflect to whom you wish to leave those assets. Beneficiary designations trump what’s in a will, so it’s good to make sure they work with your estate plan. On a similar note, it’s important to review your bank accounts, brokerage accounts, retirement accounts, life insurance policies and certain annuities to ensure that you have designated beneficiaries on each account or policy. Ask yourself: Are all your major assets included in your trust? Do you wish to make any changes to how your property will be split? BENEFICIARY ASSIGNMENTS ![]() Your will is a document that outlines your wishes following your death and can be used to distribute any assets you have. However, many people use a trust rather than a will to distribute assets. If you don’t have a will and/or a trust, work with your advisors to create one. If it’s been a while since you wrote your will, review it so that you are certain it’s up to date.
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