Tuesday, July 21, 2020

Check Your Beneficiaries



Is there one person in your home who handles all the financial paperwork? If you're that person, have you thought ahead to educate your partner on what to do if you're not there? Have you done all you can to protect your spouse and your children/grandchildren?
There are things to do now that can simplify things later. One thing you can do is make sure you have the correct beneficiary/ies on your accounts. If you've had some life changes (i.e., divorce) make sure you've made those corrections. Most banks will let you add beneficiaries online; others require that you come to the bank and do it in person. Either way, it's a small amount of time to spend now to help save your family a lot of heartache later.
This won't cover everything, but it's a good place to start.

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