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Leave A Map, Not a Mess. Estate Checklist - YouTube
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hi everyone that's Pat Forde from brown
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Wealth Management and I'm excited to
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share one of our latest tools to help
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clients these are called leave a map and
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our state planning checklist we've
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developed these because we see how
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difficult it can be for people to settle
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someone's financial affairs or a state
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after they pass a couple that with the
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grief of losing a relative or a friend
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and it can be overwhelming to know where
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to start
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so we consulted with some local estate
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planning attorneys to outline the steps
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that you might take ahead of time or in
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the event of someone's passing to
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hopefully lighten the load these
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fillable checklists are intended as a
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general guide but they're not a
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substitute for professional tax or legal
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advice we want to stress that you should
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always consult a qualified attorney or
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tax advisor before taking any actions in
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addition we strongly recommend keeping
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everything in a secure location as it
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will contain sensitive personal
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information once it's completed now
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these documents can be found on our
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website which is brown wealth MGT calm
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and they'll be available here under our
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insights our tools click brown wealth
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management will have them posted here on
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the site now let's start with our leave
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a map checklist this documents intended
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to help you leave your loved ones and
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organized map of your financial affairs
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so we suggest completing this keeping it
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in a safe location as I mentioned or
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with a trusted contact and then updating
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it annually perhaps a tax time if you
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like you may upload it to your
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electronic vault on your financial
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planning website we call that emx and
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instructions are linked here in this
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document just feel free to reach out if
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you need any help and if you're a brown
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wealth management client you can have
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the benefit of unlimited storage on that
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secure emx vault it's a safe place to
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store any records and if you like we can
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even remind you to make updates every
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year or two so here are some highlights
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of this leave a map to
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first we have a section checklist of
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important documents you can enter their
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location here and check whether or not
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you have these next a list of personal
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property perhaps location of keys or
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codes to safety deposit boxes for
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example pet care and home care
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instructions digital assets such as
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payment apps names of people to contact
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in the event of death or incapacitation
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friends family co-workers etc and
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professionals we have our information
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for Braun Wealth Management here don't
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hesitate to contact us with any
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questions lastly we have an ethical will
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section so an ethical will is not a
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legal document it's a simply a way for
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you to write out anything that you would
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like your survivors to know about your
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values objectives or life lessons when
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it comes to finances or money perhaps
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for example you place a strong value on
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education and self-improvement and you
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hope to see your heirs use some of their
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inheritance to either further their
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education pay for college costs for kids
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or grandkids for example now our second
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checklist is very straightforward we
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call it in a state settlement overview
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the estate settlement overview is a
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starting point to help you settle
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someone else's affairs
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if you survive them so again consult a
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qualified tax adviser and attorney
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before taking any actions we've broken
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this up as well into a few different
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sections first whom to notify in the
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event of a death and these are all
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checkable next some general steps you
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might want to take depending on your
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situation you check this box to complete
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it this to mark that it's not applicable
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in this case
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and assets and liabilities inventory
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here some information for successor
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Trustees short list of the items that
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you might need few general tips and
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pointers here and important contact
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information again brand Wealth
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Management the credit rating agencies
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and Department of Motor Vehicles so we
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hope that these tools are helpful to you
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and and are happy to answer any
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questions that you might have on them
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again you can find them on our website
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which is brown wealth MGT calm under
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insights tools than brown wealth
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management have a great day
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