Can you afford to die infographic

Your email address will not be published. Skip to content Last Updated on October 26, In a visual world, a unique illustrated display of facts and figures can go a long way towards explaining a difficult or in-depth topic.

How to Plan a Funeral [Infographic] 2. Average Funeral Costs [Infographic] 3. Beware the High Cost of Funerals [Infographic] 5. Skip to content Have you ever thought about how much it costs to die today? Thailand — Will You Be There? Leave a Reply Cancel reply Your email address will not be published. Leave this field empty. Connect With Us. Distribute your estate plan to your spouse, children, estate administrator and power of attorney.

If you work with a lawyer or financial planner, make sure they have a copy as well. Misplacing your estate plan will only make things harder for your loved ones when they need to reference the information. Having an estate plan also ensures that your final wishes are carried out exactly as you want them to be, which offers some peace of mind.

Elizabeth is an insurance writer for coverage. She has more than three years of writing experience for top online insurance and finance publications. August 21, Lauren Ward. August 3, Lauren Ward. What is estate planning Estate planning is the process of deciding who will receive your assets after you pass away.

Estate planning checklist Estate planning is a multi-step process that includes preparing various documents, among other things. Create an inventory of personal items First things first, make a comprehensive inventory of all the personal belongings you own. Review your life insurance policy If you have a life insurance policy , the policy documents should be included in your estate plan.

Consolidate your accounts If you have multiple bank accounts or multiple retirement accounts, consider consolidating them. Choose an estate administrator An estate administrator is someone who is responsible for executing your will after you die. Choose a power of attorney A power of attorney is someone who is legally allowed to make financial decisions on your behalf if you become unable to do so. Make copies of your estate plan The last step is the easiest—make sure you have several copies of your estate plan, both digitally and in hard copy format.

The takeaway An estate plan details who will receive your personal and financial assets after you die. It contains information about your will, your retirement accounts, your life insurance policy, your unpaid debts and more.