Everyone is talking about the incoming Trump administration, and we’re hearing a range of predictions about future tax proposals and planning options. But sometimes it’s best to tune out all the noise and focus on the basics: If something were to happen to you, would your family know who to contact and where your financial information and documents are located? Do you have your “contingency plan” in place?
Having your finances in order is only helpful to your family members if they know where to look. By organizing your financial information and estate planning documents and informing your family where everything is stored, you’re making it simpler for them to assist you if you’re ever unable to manage things yourself. It also will streamline the process of settling your estate after your death.
