Losing a Loved One: Let's Take a Test
/Here is the scenario: Your father just passed away. In the midst of your despair, you have to figure out a number of details. How many of these questions are you able to confidently answer?
Question #1: Which of these did your father own?
o 401K
o Brokerage Account
o Annuity
o Health Savings Account
o All of the above
Question #2: What type of insurance did he have?
o Auto & Home & Umbrella
o Long-Term Disability
o Long-Term Care
o Life Insurance
o All of the above
Question #3: What real assets did he own?
o Home
o Rental or second home
o Vehicles, recreational vehicles, boats
o Furnishings, tools, etc.
o All of the above
Question #4: Can you locate?
o Legal documents
o Titles
o Credit Cards
o Jewelry
o Personal Safe
Question #5: What were his end-of life requests?
o Obituary
o Burial - cremation
o Memorial – funeral services
o Scripture – a message shared
o Post ceremony instructions
If you find yourself not knowing a lot of these answers, you are not alone. There is help on the way! Our team has written a thorough booklet titled Everything You Will Need to Know When I’m Gone. We were motivated to create this booklet after witnessing executors struggle to find information on their newly deceased family member’s situation. I have only touched on a few of the items that are covered in this booklet, but we have thought of just about every scenario possible.
If you would like to receive this free booklet, please contact our marketing coordinator Christina at christina@wefinancialadvisors.com or call her at 317-872-5090.
