2. Funeral Plans
A funeral plan provides your loved ones with your wishes regarding your memorial service, burial, or cremation. This allows them to carry out your wishes without guessing at your intentions. However, if your funeral plans are unknown or undiscovered, they will not be of use. If you draw up plans for after your death, make sure your loved ones are aware of these plans. Provide them with information so they can access them when needed.
1. Designated Beneficiary Records
Certain accounts such as life insurance, retirement, and annuity accounts require you to designate a beneficiary. This person or persons will inherit the proceeds from your policy once you pass away. Keeping records of these policies in an accessible place enables your loved ones to determine your assets in a timely manner. Thus, they will be able to properly distribute them in the event of your death.