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Keeping
Estate Records Up to Date
GE-29123
(06/04) (Exp. 06/06)
What
would your family do if you were suddenly out of the
picture? Would anyone know what you owned and where
it was located? Would
they be able to pay the bills you owe and collect the
money due to you? What about important
papers—like your will? Is there a record of where
you keep it? Does anyone
know the name of your attorney?
Even
if you’ve drawn up the necessary papers to ensure
your family’s well-being, you
need to keep records accessible so that whoever is responsible
can figure out what to do next. Your
executor, attorney, spouse, adult child or other reliable
party should know where to find your records. As a further
service to your family, it is helpful to update your
records on a regular basis—once a year is ideal.
A
typical list should include:
- where wills and other important papers are kept (do
not put in a safe deposit box, as your family may need
a court order to open it)
- bank account information (checking, savings,
CDs)
- investments (stocks, bonds,
mutual funds, annuities)
- retirement assets
(company plans, IRAs/Keoghs, annuities)
- insurance policies (personal
and property)
- business investments
- real estate holdings
- assets held in trust
- personal property (jewelry,
art, collectibles), with their latest appraisals
- debts you owe- money
due to you
For more information
about your estate plan, contact your financial professional,
tax advisor or attorney.
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 Lee
Alcorn offers securities through AXA Advisors,
LLC (member NASD, SIPC) and offers annuity and insurance products through
an insurance brokerage affiliate, AXA Network, LLC and its subsidiaries.
Alcorn is licensed to sell insurance in the following states: NC,FL; is
registered to offer securities in the following states: NC, FL and is
registered to offer investment advisory services in NC, FL.
AXA Advisors, LLC does
not provide legal or tax advice. Please consult your tax or legal advisor
regarding your individual situation. |
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