8 Steps That Will Make Life Easier for Your Heirs
by Deborah H. Levenson
Many people spend a great deal of time and effort planning their financial legacy. They work hard to develop and implement estate and philanthropic plans to minimize taxes and maximize the positive impact on their beneficiaries.
However, they often skip some very basic steps that can lead to real administrative hassles for their heirs, hitting right at a time of great stress.
In this article
- 1: Keep Your Will Updated
- 2: Create an Information Book
- 3: Update Your Beneficiaries
- 4: Use Custodians
- 5: Hold Adequate Liquid Assets
- 6: Write an Ethical Will
- 7: Keep Your Home Saleable
- 8: Communicate
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This article describes eight basic steps you can take at any age to try to make life easier for those you leave behind.
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