Insights from The Orlando Senior Help Desk: The essentials of estate planning

Ensuring that your financial affairs are in order is a crucial step towards providing security for your loved ones in the event of your passing. Here are some important tips to consider:

1. Designate Beneficiaries: One of the simplest yet most effective steps you can take is to designate beneficiaries for all your financial accounts including checking, savings, CDs, life insurance, and investments. By doing so, your designated beneficiaries can access these funds with just a death certificate, bypassing the need for a will. Make a handwritten list of these accounts and provide it to a trusted...