Liabilities include all outstanding debts, like mortgages, credit card debts, student loans, auto loans, medical bills, tax payments, outstanding bills, and personal loans. For funeral planning purposes, collect the respective statements, titles, deeds, and instruments of ownership for all assets, then store them in a personal vault or safety deposit box. personal or vacation homes, rental property, commercial buildings). Land and real estate holdings are also assets (e.g. Here’s a list of the information you should collect: Assets: What Do You Own?Īssets include both personal and financial valuables, such as cash, bank accounts (savings and checking), retirement savings accounts (401K, 403b, IRA, etc.), life insurance, mutual funds, stock and bond certificates, fine art, jewelry, and other personal property like cars and boats. Think carefully about who you can trust with the location of all your personal details. Start out with a funeral planning checklist, keeping all paperwork secure and organized as you work through the process. Getting your affairs in order is a must when making end-of-life decisions. This may seem like a chore in the beginning, but securing your personal documents and papers while making funeral preparations can help offset future obstacles and give you peace of mind.Īrranging the necessary forms and your funeral arrangements is also a thoughtful gift for your family, and saves them from having to complete this complicated task after your death. One of the first steps in the funeral pre-planning process is gathering the right information.
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