It’s easy to procrastinate on this financial planning task but don’t wait any longer.
National Estate Planning Awareness is in October
Newly married or divorced? Had a child within the last year? Grieving the recent loss of a loved one? All these life events make updating your will and other estate documents especially important.
Estate planning is the process of designating your assets upon your death. It also dictates how your affairs will be conducted if you’re no longer able to make these decisions yourself. It can be as simple as writing a will or creating a living revocable trust; or both.
Other documents to create or update include:
- a strong power of attorney, allowing a representative you designate to handle your financial and legal matters if you become incapacitated
- a medical power of attorney, through which an appointed person can make medical decisions for you
- a living will, which outlines your wishes regarding medical treatment if you can’t communicate them yourself
- check that you have listed the appropriate beneficiaries in your Fidelity, My Savings Plan.
Resources
Webinar: As you create a plan for your estate, request the recording from the Aging Parents Group’s webinar “Advanced directives and getting your affairs in order.” Email Karen Wilson at karen.wilson2@geappliances.com for a copy.
EAP: Your Employee Assistance Program offers more than counseling for emotional wellbeing. It provides financial counseling as well as legal help at no cost for all employees and their dependents.
1-855-873-4932