Making Things Easier on Your Loved Ones After Your Passing

One of the top benefits of comprehensive estate planning is that you can make matters significantly less complicated on your loved ones after you pass away. Beyond simple creating an estate plan, however, there are a number of other steps you can take to ensure the process of administering your estate goes as smoothly as possible.

The following are some important tips for your planning purposes:

• Make sure people know where to find your plan: Create either a physical folder or a folder on your computer that is clearly labeled “My Estate Plan,” and tell your estate executor where to find it. The folder should include all estate planning documents you have. After all, an estate plan is only of use if it can actually be accessed after your passing.
• Inform the executor ahead of time: You do not want your chosen executor to be surprised by the appointment after your passing. By discussing your decision and the responsibilities of the position with that person, he or she will be better prepared to carry out the role when the time comes to do so.
• Have the executor co-sign on various accounts: In doing so, the executor will have much easier access to your funds after you pass away to help settle debts and pay for a variety of estate expenses.
• Plan your own funeral: If you have specific requests for your funeral, include them in your estate plan. This will reduce the number of difficult decisions your family members have to make during an emotionally draining time.
• Keep your plan constantly updated: As situations change in your family, your estate plan should be adjusted, as well. An estate plan that has not been updated for years could create some headaches for your loved ones.

If you would like to learn more about how to create a sound estate plan that protects you, your loved ones and your assets, consult a dedicated Tampa attorney with BaumannKangas Estate Law.