With their estate planning in place, many baby boomers are creating a “Life After Me” document which allows them to say goodbye to their family with a heartfelt letter that says the things that may have been too hard to say face to face.
But a touching goodbye is not the only purpose of a “Life After Me” document. According to Andy Smith, Senior VP of Financial Planning at Financial Engines, and host of call-in radio program, Investing Sense, it also gives you an opportunity to provide critical information, like: keys to safety deposit boxes, locations of documents, passwords and usernames that you may not want to share until you’re gone.
How a “Life After Me” Document Will Leave Family and Friends with Peace of Mind
A “Life After Me” document is not legally binding in any way. It’s not a will and it’s purpose is not to give assets to a benefactor.
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