Leaving A Financial Road Map For Your Loved One

We do not like to think about dying or becoming incapacitated due to illness, but it is important to be prepared. In the event you become incapacitated or die, does your spouse or loved one know what assets you have or where they are located? Do they know what bills need to be paid or how to pay them? Some additional questions your loved ones need to know include the following:

• Do you have a will? Where is it located?
• Where are your financial accounts located, including checking, savings and brokerage accounts?
• Do you have life insurance? Where can the policy or policies be found?
• Where are stock certificates and saving bonds located?
• To whom do you owe money i.e., car loans, mortgages, school loans, personal loans, etc.?