Over the last couple years, we have seen clients deal with serious issues created by incorrect or incomplete Estate Planning Documents, specifically insufficient Powers of Attorney or incorrect beneficiaries, after the loss of a loved one. These situations have caused both emotional and financial distress for family members who are already coping with the grief of loss.
So our 2023 Challenge to you is:
- Review your Estate Planning documents if they are more than 5 years old or there have been changes to your life situation.
- Even more important is to create Estate Planning Documents if you do not have them.
- See that we have a copy of your most recent Financial Power of Attorney, so we can help your loved ones when you cannot help yourself.
- Get a copy of every beneficiary designation for all of your employee benefits, investments and insurance, retirement plans, 401ks, etc.,. Once you are sure they are correct, keep a copy with your Estate Planning documents.
Besides avoiding the possibility of huge future expenses, accomplishing the above will give you peace of mind and be a blessing to your heirs.
When you have finished all of the above, send us an email with a thumbs up to let us know that you have completed our challenge.
Securities offered through Grove Point Investments, LLC, member FINRA/SIPC. Investment Advisory Services offered through Grove Point Advisors, LLC. Grove Point Investments, LLC & Grove Point Advisors, LLC are subsidiaries of Grove Point Financial, LLC. The Musuneggi Financial Group, LLC is not affiliated with Grove Point Financial, LLC or its subsidiaries. Click here to view Form CRS.