Tag Archives: estate plan

10 Questions to Ask Your Loved Ones

We know the importance of planning for major events in our lives and sharing those plans with our family members and loved ones.

When dealing with finances, sometimes we hesitate. Discussing financial issues with family members often waits until a crisis occurs. Unfortunatley, it may be too late.

Money can be a sensitive subject with family members, it’s often at the center of many decisions in later life. Decisions such as housing, health, and long-term care. For older adults, talking with their children about future financial arrangements is critical, even if the children are reluctant to do so.

Now is the time to talk with your family members. Help them learn what information is needed. Provide information they can use to assist you through any challenging times as you age.

Here are 10 Questions to ask your loved ones or questions you can answer to help you start talking with family members:

Questions:

1. Do you have a will? Where is it? Do family members have access?

2. Do you have an advanced directive, such as a living will? Or health care durable power of attorney? Where is it?

3. Who has your power of attorney? Is it the executor of your estate? How can he/she be contacted?

4. Have you selected a funeral home? Planned or paid for a burial site?

5. What is the location of essential personal papers?

  • Birth certificates
  • Marriage certificates
  • Dissolution of marriage
  • Social Security
  • Military service records

6. Where do you keep life, health, property, and long-term care insurance policies?

7. Where is your checkbook? What bank do you use?

8. Do you have a safe deposit box? Where is it, and where is the key? Do you have a list of contents? Do family members have access?

9. Have you made a list of investments (savings accounts, certificates of deposit, stocks and bonds, etc.)?

10. What are the names and contact information of the financial advisers/institutions that have the investments?

Resources:

A Frequent Question from our Clients

A frequent question from our clients (likely because our community is located on the beautiful shores of Lake Michigan) is whether you can have your ashes scattered over the lake. The answer? You can! subject to some restrictions.

That said, there are many meaningful ways for your loved ones to honor you. And at the same time provide some closure. Even many we have never heard of. This article explores some of the more unconventional options.

23 Remarkable Things to Do With Ashes to Honor Your Loved One

Wind Chime Urn

Another idea not included in this article is a wind chime: https://www.mainelyurns.com/amazing-grace-memorial-wind-chi…

Question? What has your family done? Comment below to share your families ideas that others may benefit from!

The attorneys at Rebecca Mason Law specialize in Estate Planning. In-addition we ensure your rights are respected even if you can’t yourself.

Thank you. SE Wisconsin

Today marks the first day of the seventh year for Rebecca Mason Law. We want to take this milestone opportunity to say thank you. Our team is honored to provide top-quality legal representation for southeastern Wisconsin and all of our clients.

My team works through some pretty tough times side by side with clients. We draft detailed estate plans, administer probates for your loved ones, work with families who have recently lost a loved one, and help you take care of your family members through guardianship’s.

Our office right here in Racine, WI has some of the most amazing clients in the world. It is our clients, who make this the best job ever. For that, we simply want to say Thank you!

I Met with a client today and we discussed the impending death of her mom. I was reminded of how fleeting life can be. And how amazing it is that I have the opportunity to walk this difficult walk with my clients. Thank you for sharing your stories about your loved ones. Thank you for sharing your tears. And being OK with being vulnerable. Thank you for sharing a little bit of yourselves with me. Because of you, this is the best job ever.

Rebecca Mason 8/25/2017