DID YOU KNOW? If you were once married to the same person for 10 years or more, you may be eligible for Social Security survivor benefits? Check your Divorce Decree!
I’m Single, What Do I Do?
Many of us are alone and have special considerations. Assigning the task of clearing your estate to a family member or good friend may be difficult to address, but the effort of pre-arranging your Executor and leaving clear instructions will give even a young, healthy person peace of mind.
An Estate Attorney can draw up the list of legal documents needed for the smooth settling of your estate. A Living Will, Advanced Directive, Medical Power of Attorney and Durable Power of Attorney along with the standard Estate Will are all good investments to provide the proper tools for your Executor. A Financial Advisor can also help guide you so your hard-earned dollars go where you desire and not the tax man. Don’t forget to list any charities!
Gather all information for insurance, investments, loans and credit cards, bank accounts, rent leases, storage units, vehicle titles, W-2’s, tax returns, etc. in a fireproof box and make sure your person knows where to find it, or leave direction with your attorney. Update annually, or if you have any significant changes.
Minor children are hopefully already protected through Divorce Decree, but don’t forget your pets. Find that special someone that will take your pets upon your death. Make arrangements for that person to receive a fair amount of money for their future ~ food, vet bills and plenty of treats!