Consolidating finances after marriage james mcavoys character in the bbc updating of macbeth
Don't immediately assume that your spouse is the best choice.Think about all qualified individuals and how emotions related to your death will affect this person's decision-making ability. It is the rulebook for distribution of your assets and it could prevent havoc among your heirs.You should also keep a copy in a safe-deposit box and in a safe place at home.
Review each of these accounts to make sure the beneficiaries are listed exactly as you like.To start things out, go through the inside and outside of your home and make a list of all items worth 0 or more.Examples include the home itself, television sets, jewelry, collectibles, vehicles, guns, computers/laptops, lawn mower, power tools and so on. These include things you own on paper or other entitlements that are predicated on your death.In some cases, several of these organizations have accidental life insurance benefits (at no cost) on their members and your beneficiaries may be eligible.It's also a good idea to let your beneficiaries know which charitable organizations are close to your heart.
This should include everything such as auto loans, existing mortgages, home equity lines of credit, open credit cards with and without balances, and any other debts you might owe.