When a loved one dies, often we can be overwhelmed with grief and loss. In a perfect world, we’d be given an appropriate grieving period before having to deal with all the decisions and details surround our loved one’s passing. We aren’t given that time, however, and handling the important tasks required after their passing can be stressful.

While losing a loved one is never easy, there are ways you can reduce the stress you leave behind for your loves ones so they can spend more time grieving and celebrating your life and less time worry about what needs to be done next and where to find your information.

Plan in Advance

I’m constantly surprised how unprepared so many of us are for the moment we pass away. Of course, we never know the day we’ll leave this world, but as Benjamin Franklin wisely said: “Nothing is certain but death and taxes.” So we all know we’re going to die, we just don’t know when.

Knowing that, it’s important to record everything your loved ones will need at the time of your death. This can include contact information for all advisors, bank information, and any special requests you have for them after your passing.

Make Changes to Your Information Often

Our lives are constantly changing. We move, get married, divorced, change careers, have children, grandchildren, pets, lose loved ones, have market gains and market losses. Just like these things are always changing, so should the information you record.

This is especially true of how you set up your beneficiaries. We see about 8 out of 10 people who come through our office who don’t have their beneficiaries set up correctly. Even the simplest mistake can cause hurt feelings, resentment and additional court costs.

Leave a Piece of Yourself Behind

While leaving behind your information and records is essential, it also appears to be a very cold and impassioned gift. It’s important to also let your family and friends know how you feel about them. Write a letter to your spouse and children that they will receive upon your death. Tell them all how you feel about them, be sincere and share your hopes and dreams for them.

Also, we live in an age of technology. You can record audio or a video telling each of them how much you cared about each of them – a gift they will treasure for as long as they live.

Use Your Retirement Guide

At Eric Scott Financial, we provide you with a checklist of all the records you should keep for your loved ones in the event of your passing, including the contact information for important professionals, instructions for how you’d like your funeral and/or obituary handled, and important documents. Call our office at (435)773-9444 to schedule a time to sit down with one of our retirement guides and get your checklist.