Reasons You Should Have A Will
Brooklyn Home Owner Wondering should you have a will? You should have a will regardless of the size of your assets.
If you die without a will a state/city government agency will have to decide who receives your assets.
Should you have minor children, a judge will have to decide which family member or state agency will have legal guardianship.
By having a will and other documents naming the legal guardian, you will be able to choose the person that you consider to be most responsible and trustworthy to take care of your minor children. Having a will ensures that with the guidance of an estate attorney, a named executor will be able to liquidate your accounts, pay debts, sell your home, distribute your assets and follow other instructions that you have indicated. In addition to a will you should :
Review - Update or change the beneficiaries that you have named on your life insurance policies, retirements accounts * even if you have a will the financial instruction of these types of accounts will pay the proceeds to the person named on the policies regardless of what is stated in your will.
Health Care Proxy
Create A Living Will / Health Care Proxy - should you become incapacitated a responsible person r should be named to follow your final medical care instructions.
Learn more about a Health Care Proxy
Get A Power Of Attorney
Person Assigned to handle your financial affairs
more about Types Of Power Of Attorney
CREATE END OF LIFE FOLDER
Copy of Recurring Bills and payment instructions
Usernames Passwords - Pin numbers for accounts, websites etc..
Will - Insurance policies, Military papers, retirement statements ...
Mortgage statements - deeds, investment rental property info incl management company
Bank and credit card info
Investments - mutual funds, stocks , IRA, 401K etc..
Social Security statements and contact info
Lawyer and accountant contact info
Funeral Home and Church contact info
Know more About What IS A WILL
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Fillmore Real Estate
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