The Last Checklist You'll Ever Need over Age 70

TAMPA, Fla. - Feb. 9, 2024 - PRLog -- The plans you leave are the final love letter you write for your family, and we can help you write it. If you have questions about the list email help@formamerica.com and as long as your question doesn't require legal advice, we will help you for free with the answers to your questions.

Here's the checklist from "Coffee, Cookies and Difficult Conversations" of 20 important things someone over 70 should consider to have their affairs in order:

1. Create or Update Your Will: Ensure your will accurately reflects your wishes regarding your assets and beneficiaries.
2. Designate Power of Attorney: Choose someone you trust to make financial and medical decisions on your behalf if you become unable to do so.
3. Create a Living Will or Advance Directive: Outline your preferences for medical care and end-of-life treatment.
4. Review and Update Beneficiary Designations: Check beneficiary designations on retirement accounts, life insurance policies, and other assets to ensure they align with your wishes.
5. Organize Important Documents: Gather documents such as birth certificates, marriage certificates, property deeds, and financial account information in one secure location.
6. Make Funeral and Burial Arrangements: Decide on funeral preferences and communicate them to loved ones. Consider pre-planning and pre-paying for funeral expenses.
7. Review and Update Insurance Policies
8. Consolidate Financial Accounts: Simplify your finances by consolidating accounts where possible and closing any unnecessary accounts.
9. Create a Financial Inventory: Document all your assets, liabilities, and important financial information for easy reference.
10. Consider Long-Term Care Planning: Investigate options for long-term care, including insurance, in-home care, and assisted living facilities.
11. Review and Update Estate Plan: Evaluate your estate plan periodically to ensure it reflects your current wishes and circumstances.
12. Discuss Your Plans with Family
13. Create a Digital Estate Plan: Plan for the management and distribution of your digital assets, including passwords and online accounts.
14. Review and Update Legal Documents: Ensure legal documents such as trusts, powers of attorney, and health care directives are up to date.
15. Consider Gifting or Charitable Contributions
16. Plan for Taxes and Debts: Consider how taxes and outstanding debts will be managed after your passing.
17. Secure Important Valuables: Safely store valuables such as jewelry, collectibles, and important documents in a secure location.
18. Document Final Wishes: Clearly outline any specific requests for your memorial service, burial or cremation, and disposition of remains.
19. Review Social Security and Retirement Benefits: Understand your Social Security benefits and any retirement accounts you may have, and consider when to begin taking distributions.
20. Consult with Professionals: Seek guidance from legal, financial, and healthcare professionals as needed to ensure your affairs are in order and your wishes are properly documented.

For information or to contact us for assistance, visit http://www.formamerica.com or call (888)434-6471. Our insurance offerings are for Florida residents only.