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5 important (financial) steps to take before someone passes away
What are the most important financial steps before you pass away? This is certainly one of those topics most of us don’t like to think about and definitely don’t want to talk about. But it’s super important to understand and address these before it’s too late. So here are 5 things to start with to protect your family. 1.Make sure your will is current. Without one, the state could be deciding who gets what. 2.Update every beneficiary on every account. All of them. Even with a solid will, many accounts (IRAs, life insurance) follow the beneficiary designation regardless of what the will says. 3.Tell your family where everything is: accounts, passwords, insurance, advisor contacts. 4.Give someone power of attorney now, before you need it. 5.Make memories. Record them. And tell the people you love that you love them. Don't wait on any of this. We do a full beneficiary review with every client we work with. If you've never done one, or if your life has changed since you last did, drop a comment or send us a message. #EstatePlanning #FinancialPlanning #StrategicFinancial #WealthManagement #BeneficiaryDesignation #LifePlanning
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Securities and investment advisory services are offered through Osaic Wealth, Inc., member FINRA/SIPC and a registered investment advisor. Additional investment advisory services offered through Strategic Financial Advisors Corporation, a registered investment advisor. Strategic Financial Advisors Corporation and Strategic Financial Services Corporation are not affiliated with Osaic Wealth, Inc.
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