Your First Long-Term Care Planning Step

Having helped hundreds of families over the decades, one of the most common mistakes people make is not having their accounts titled properly including beneficiary designations. 

You want to make sure that in case you are incapacitated and cannot manage your financial affairs, the mechanisms are in place for someone to be able to access your accounts.

If they aren’t, your family may have to go to court and this can be costly and time consuming. 

You also, in most cases, want to avoid probate when you die. 

Probate is costly, time consuming and a big pain for your family.  

Accounts include bank and credit unions, investments, retirement plans and life insurance and annuities. 

Every institution has different rules and policies so you’ll want to make sure you know what is required. 

A little time and effort on your part goes a long way to making it easier for your family if something happens.