Wealth Management
Spring into Action: Organizing Your Documents
April 12, 2023
Spring is always a good time to organize and work on various projects around the house. As you take the time to declutter and refresh your closets and household items that are important to you, have you ever considered doing a spring refresh on the financial and lifetime planning documents that you currently own?
Life can be unpredictable, and anything can happen in a given year. Maybe you started a new job, got married, became a grandparent or even started to think about retirement. Spring is a great time to take stock of what you currently have in place. Reviewing your documents now will ensure that they are still consistent with your lifetime and legacy planning objectives.
Consider the following:
- Do your documents reflect any changes that may have occurred with the beneficiaries that are listed?
- Is your time horizon and financial objectives still on track for your retirement years?
- Are there any other needs that were not previously considered?
Upon your review, take a moment to organize your important documents in a secure place for safekeeping. This will make it easier for you or a trusted individual to access them quickly if they should ever be needed in the future.
Taking the time for a spring refresh regarding your financial and lifetime documents can provide you the confidence that whatever life may throw your way, you and your family will be taken care of.
Documents you may want to ensure are in a secure place:
- Wills
- Letter of instruction
- Trust documents
- Guardianship designations
- Beneficiary designations
- Housing, land, and cemetery deeds
- Escrow mortgage accounts
- Proof of loans made and debts owed
- Vehicle titles
- Tax returns
- Bank & investment accounts
- List of all usernames and passwords
- List of safety-deposit boxes
- Life insurance policies
- Individual retirement accounts
- 401(k) accounts
- Pension documents
- Annuity contracts
- Personal and family medical history
- Durable health-care power of attorney
- HIPAA Release
- Living will
- Do-not-resuscitate order
Finding Happiness in Your Golden Years
DISCLOSURE
The information contained herein is general in nature, has been obtained from various sources believed to be reliable and is subject to changes in the Internal Revenue Code, as well as other areas of law.
This material is for informational purposes only and should not be construed as a solicitation of any particular insurance product or insurance carrier. Insurance is sold through Oppenheimer Life Agency, Ltd. (OLA), an indirect wholly owned subsidiary of Oppenheimer Holdings. Before purchasing a policy of insurance, please review both the insurance carrier and the insurance policy carefully before investing.
A strategic alliance exists between OLA and various outside providers whereby products and services may be utilized. Such providers may receive compensation as a result of the strategic alliance. However, the firms are completely independent of each other.
This material is not a recommendation as defined in Regulation Best Interest adopted by the Securities and Exchange Commission. It is provided to you after you have received Form CRS, Regulation Best Interest disclosure and other materials.
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