Your Amazing Itty Bitty® “Before” Financial Checklist

This book is helpful if you:

  • Are starting to assist your aging parents
  • Are 50+ and thinking about the second half of your life
  • Never want to cause your family additional financial stress
  • Want to get your financial house in order
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Step 10

Homework: Who Gets What?

Remember that each beneficiary designation dictates the distribution of each account so make sure all of your beneficiary designations are current. Too often we list someone – then, life changes, people pass away, or relationships change, so your beneficiary designations may need to change too.

Beneficiary Designations
  • The best person to give you advice on naming beneficiaries is your legal advisor. He/she understands the big picture of your estate and knows what it is you are trying to accomplish.
  • Discuss with your attorney the option to add “per stirpes” or “by rights of representation” wording (the ability to include grandchildren if their parents predecease you) to a beneficiary designation.

Too often, people misunderstand and believe that once their will or trust is drafted, that takes care of everything and that beneficiary designations don’t matter because they have it all spelled out in their will or trust. But remember, a beneficiary designation acts like a little mini-will in dictating where each account gets distributed, so the account never references the will or trust for distribution instructions at all on most accounts unless the will or trust is listed as the beneficiary (and that may not be the best practice for tax reasons) or goes through probate because there was no beneficiary listed.

You need to consult your legal advisor for beneficiary designation recommendations – don’t guess!

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This book is small but jam-packed with so much useful information if you are over 50, approaching retirement or helping aging parents prepare. There is an easy way to transition and a hard way. This book is a guide to the easy way.

Diane Markins / Amazon Reviewer

So much great information in this book! It really does take you step-by-step and guides you on how to plan for these unfortunate events. It’s short and sweet but gives you all the information you need, even things you would never think about needing to do. I even purchased a few of them for my friends who are helping their aging parents.

Marcia B / Amazon Reviewer

Your Amazing Itty Bitty® “After” Financial Checklist

This book is helpful if you:

  • Are thinking ahead regarding your own estate
  • Have lost a spouse, parent, friend, or other family member
  • Are aware of a terminal condition and trying to prepare for what’s to come
  • Are unsure about what is involved after the loss of a loved one and want to become more aware
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Step 11

The First Month: Miscellaneous “To Dos”

  1. Go to the DMV (Department of Motor Vehicles) to cancel driver’s license and transfer vehicle title.
  2. Notify the Registrar of Voters.
  3. Cancel any medication prescriptions, print subscriptions, and memberships.
  4. Delete online personal accounts: email, social media, business sites, etc., to avoid fraud or identity theft. Procedures for each will vary.
  5. Send out acknowledgements for cards, donations, etc., if you’ve decided that is something you want to do. This can also be delayed until a time that you are ready and able to tackle this project.
  6. Contact the Post Office with forwarding information, if necessary.
  7. Cancel all services no longer needed, i.e. phone, internet, cable, etc.
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Marie has provided two amazingly simple, but well- defined booklets that answer the BIG questions for many who are anticipating, or have lost a loved one. I found them insightful because they took what felt like giant fears of “unknown tasks,” out of my journey as a new widow.

Doreen Hanna / Founder, It’s A New Day Widow’s Ministry

This is a great guide to addressing all those important details in a loved ones financial history. You will be glad you have this book to help you through it.

Jeannine Hurrish / Amazon Reviewer

Getting Financially Organized

Coming soon!

and then there was one

Book by Charlotte Fox

Guidelines for End-of-Life Preparedness

A comprehensive step-by-step workbook to promote conversation, express your wishes, ease transition, and protect your survivors when a loved one dies. This 264-page workbook provides over 70 fill-in-the-blank forms to prepare your estate plan before and after the loss. Help protect your survivors so they have all the information necessary to effectuate your estate upon your death.

therewasone.com

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