Financial Planner- End of Life Planning


Dealing with a death in the family can be a hard time for many. One way to make things easier on your loved ones is to have funeral plans and other financial issues already taken care of.

What you can do:

  • Choose a funeral home that you would like touse.
  • Go to them and make the final arrangements thatwill be necessary.
  • Be sure to list out things like who you mightwant for pallbearers, singers, pastors, instrumentalists, preferred songs,pictures, etc.
  • Have a burial site selected and purchased.
  • If you can or if you choose to, you might go ahead and choose a monument. Doing it together while both areliving might make it easier for the survivor. Then, the only thing left to do is to havethem come out and engrave the final dates.
  • Check the beneficiaries on your financialaccounts to be sure that they are done to your satisfaction.
  • Think about having both spouses listed as ownerson credit cards and bank accounts. Ifonly one spouse is listed as an owner and the other spouse wants to use a cardafter the death, sometimes they actually freeze the card until the survivingspouse is added, and that can take up to two weeks to accomplish.
  • Have a list of your assets readily available,whether that is in a file in your office or even in your safe deposit box. Name the asset, the phone number or addressof any companies that you do business with on a regular basis, and a list ofany insurance policies and any agents that you work with.
  • Leave a list of not only insurance agents, butyour attorney, your accountant, your financial advisor, your bank accountnumbers, investments, addresses and phone numbers of anyone that you work withon financial matters.

There are brochures and pamphlets available with a lot ofthis information in them that you can get online, or from your funeral home, orpossibly even from your financial advisor. Fill it out and leave it where it will be found.