Recently I was talking to a friend of mine who lost his dad and we talked for a while, as I had known his dad and we shared some stories.
He then started talking about all the stuff he must go through to settle his dad’s estate and finish up his affairs. It really struck me then, more so than any other time, that you do your Estate Planning because it’s something you’re supposed to do sure, but you really do it for your loved ones, your heirs, the people who are going to be left behind putting your affairs in order and transferring them to your beneficiaries.
Keep that in mind when you update your Wills and other documents and when you update everything that you have for them, like the organization of all your stuff.
Make sure your heirs know where they can find your things, make sure they know where to find passwords or they know where everything is.
You don’t necessarily have to tell them everything, although that might be really helpful, but make a nice list and make it easy for them to find and tell them where to find it. It’ll make things much much easier, and they’ll be going through something that is very hard when you pass, and if you can make it a little bit easier and do this, then it’s a great service you can do for them.
