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Phone: (512) 498-PLAN (7526)
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Get all of your documents in one place

If you were to pass away or become incapacitated, your loved ones may be responsible for making decisions about your health or estate. During a time of emotional distress or grieving, it is difficult to think about money and how to find critical documents to move forward with plans. That’s why it’s important to get your documents into one centralized place. By doing so, you are not only ensuring your wishes are understood, but also are planning to help loved ones make financial arrangements in your absence.

How to get started with organizing your documents today
First, find a secure location, such as a password-protected online vault, fireproof home safe or bank safe deposit box. Decide which documents should go into this centralized place. If you want to minimize clutter, you may consider printing out the links to online statements with their corresponding passwords. Include any documents containing crucial financial information. Here's a list of suggested documents:

  • Quarterly and Annual Statements: IRAs, 401(k)s, funds, brokerage accounts, statements from last quarter and statements from the end of the previous calendar year (that is, the last Q4 statement you received).
  • Healthcare Benefit Information: Medicare or Medicare Advantage Plan, group health plan, individual health policies, LTC policies and contact information for insurers, HMOs, your doctor(s) and your insurance agent.
  • Life Insurance Information: document when level premiums on straight term policies end, the death benefit and present cash value on any whole life policies and the required premiums on any policy.
  • Beneficiary Designation Forms: beneficiary designations often take priority over requests made in a will when it comes to 401(k)s, 403(b)s and IRAs. Also, retain copies and review them with a retirement planner or attorney so they can help you gauge the tax efficiency of the eventual transfer of assets.
  • Social Security Basics: if you have not claimed benefits yet, include your Social Security card, W-2 form from last year (or Schedule SE and Schedule C plus 1040 form), and certified copies of your birth certificate, marriage license, divorce papers, military discharge paperwork or proof of citizenship, if applicable.
  • Social Security Statements: take a screenshot or print a copy of the statement that tracks your accrued benefits.
  • Pension Matters: collect special letters or bulletins from your employer, your Individual Benefit Statement, your Summary Plan Description and contact information for someone at the employee benefits department where you work.
  • Real Estate Documents: deeds, mortgage documents, property tax statements, homeowner insurance policy and a list of the contents in your home and their estimated value.
  • Estate Planning Paperwork: your estate plan, any trust paperwork, a will and a durable power of attorney or health care directive.
  • Tax Returns: at least have a copy of your 1040 and state returns from the prior year.
  • List of Digital Assets: contents of a cloud, a photo library, social media pages and all corresponding passwords.

Once you are ready, be sure to tell your loved ones where to find your documents and provide them with password information or permission to access to your safe deposit box, if necessary.

Planning for the unexpected now is a lasting way to show your loved ones you care. Please contact PlanningWorks at 512 498-7526 or info@planningworks.biz if you would like further direction on estate planning or other financial matters.

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CONTACT US: 2700 Via Fortuna Suite 100 • Austin, TX 78746 • (512) 498-7526
Fax (512) 684-8519 • info@planningworks.biz

Investment Advisory services offered through, Waterloo Capital, L.P. a SEC Registered Investment Advisor. Securities offered through Calton & Associates, Inc. Member FINRA/SIPC OSJ 2701 N. Rocky Point Dr., Suite 1000, Tampa, FL 33607 (813) 605-0918 Waterloo Capital, L.P., PlanningWorks, Inc. and Calton & Associates, Inc. are separate entities.

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