These important steps are often overlooked ...


Start your new year off with a sense of accomplishment and give yourself and your family tremendous peace of mind by doing the following:

  1. Review Your Beneficiary Designation Forms 
    IRAs, 401(K)s, life insurance policies and even brokerage and checking accounts all transfer at your death through a beneficiary designation form. Often these forms are completed at the time the account is created and never updated through the years and changes in our circumstances. Review each of your beneficiary designation forms and make sure the loved ones and charities you designated are correct, or make changes as needed. When you do, please consider a gift to the VFW by naming us a beneficiary along with loved ones. Click here for more information.

  2. Don’t Forget Your Online Estate 
    In the 21st century, much of our lives are transacted online. But without log-in information, survivors must go to court for legal authority to gain account access. The process varies from state to state and may not always require a lawyer, but almost always takes time.      

    The process can be even more complicated if you are incapacitated. If there is no power of attorney, then a guardian or conservator must be appointed to have access to online records. Some companies won't even give the information out without a specific court order.

    And the problem isn't just limited to financial accounts. Don't forget about e-mail, photos stored on-line, and social networking sites, including any blogs you may pen.

    Letting a trusted family member know that you keep a list of user names and passwords with an attorney or in a safe-deposit box is an important additional tool to consider. 

Taking care of these often overlooked steps can give you and your loved ones greater peace of mind, and you will have started the New Year off right! For more planning tips, visit our website.



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