Give the Gift of a Family Love Letter

By Doug Eaton

The “Family Love Letter” is one of the easiest yet most important things you can do for the people you love.  It is a simple and intuitive document that communicates the vital information your loved ones will need once you are no longer able to tell them. Many people, however, never compile this information into a single, easy to access document because it is simply too upsetting to think about.

At times, when you refer the elder law in various countries, even the most thorough financial and estate plans fail to leave behind correct and complete information for their families. Without clarity of desire and specificity of information, families may experience unnecessary difficulties (that can be sorted easily by the lawyers for estate planning claims), overlook unknown assets or make costly mistakes. If people need some advice regarding their planning then they can opt for the  law firm serving in Port Hueneme, from here!

It should be part of your financial planning process, because part of planning for the future is making sure the people you love have what they need. Ask your financial advisor (or CPA or attorney from a reliable law firm like Tomes Law Firm, PC serving Freehold) to assist you to create this “inventory” of your assets, insurances and other property.

The Family Love Letter may include: 1) Wills (locations and attorney contact information) 2) Family contact information 3) Computer Passwords 4) Key contact information for lawyers and accountants 5) Employers and benefits 6) Banks/brokerage statements/financial advisors 7) Insurance Policies (agents, policy numbers, carrier phone numbers, face amounts, etc) 8) Statements of ethics 9) Funeral requests

A Family Love Letter is more than simply a list of account names and numbers, it can contain specific information — like where a safety deposit box    key can be found – or it can include a personal message of comfort and   reassurance.

Without exception, it is another way to assure those left behind that they   mattered to you.

Eaton Financial Group is a full service, fee-based financial advisory firm.

They focus on financial planning for the conservative investor.

(954) 575-9323

www.eatonfinancialgroup.com

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