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Planned Giving

Family Planning at Retirement—A List for Your Adult Children

It’s common for parents to feel reluctant to bring up their estate and burial plans with their adult children. A good first step for all parties is to consolidate important information in one location and discuss. The following is a good starting point which, of course, you should adapt for needs:

  • Personal data
    • Social Security number
    • Safe combination
    • Internet passwords
  • Contact information
    • Doctors
    • Attorney
    • Insurance agent
    • Accountant
    • Financial planner
    • Bookkeeper
  • Location of key records
    • Medical (e.g., medications, allergies)
    • Trusts
    • Wills
    • Powers of attorney
    • Birth certificate
    • Marriage license
    • Military records
    • Deeds
    • Tax documents
  • Location of property
    • Addresses for yacht/airplane/timeshare
    • Keys and gate codes
    • Contact information
    • Insurance
  • Details about your personal collections
    • Children need to know that old lamp is an original Tiffany, the pottery turn-of-the-century Rockwood, you have gifted the Rothko at your death to a museum.
  • Savings and investment accounts
    • Bank (including safe deposit box)
    • Retirement
    • College
    • Brokerage
  • Pensions and insurance
    • Life, disability, long-term care
    • Employee/military benefits
    • Annuities, 401s, IRAs