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Protecting your wishes
Having learned that you have a terminal illness and, in fact, your death is imminent, you undoubtedly have a new perspective on the significance of life. This is all the more reason for making sure your wishes are protected and everything is organized for your loved ones.
Beyond updating your legal papers, record critical information about how you would like your affairs to be handled at death. The most efficient way to accomplish this is by filling out a Financial Planning Journal which will efficiently address a wide-range of personal and financial topics in a single, concise booklet, including:
- People to be notified of your death
- Personal documents/information
- Benefits from past and present employers
- Bank and investment accounts
- Medical and disability insurance
- Credit, debit and ATM cards
- Tax returns
- Special, final requests
- Collectibles and their current value
- Ongoing business ventures
- Real estate
- Trust funds
- Personal debtors and creditors
- Homeowner's and mortgage insurance
- Vehicles, boats and related insurance
- Organ donation
- Funeral & service arrangements
- Life insurance policies
- Other loose ends or unfinished business
Your survivors will be forced to organize paperwork, collect benefits, monitor cash flow, manage a wide range of assets and liabilities and process the estate while in a state of shock, disbelief and grief. Having your personal financial diary completed will be an invaluable guide through the labyrinth of decisions awaiting them. |
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