Estate Planning is the process of arranging for the management and distribution of an individual’s assets and wealth during their lifetime and after their death. It involves making decisions and taking legal steps to ensure that one’s wishes regarding property, finances, healthcare, and other affairs are carried out according to their preferences and priorities.
While life insurance is personal, it’s something to discuss with your loved ones. Certainly, use your discretion and judgment, as there may be individuals you feel should not know. If you have an executor, he/she should be aware of your plans, and often, the beneficiary is informed. Your loved ones can’t be protected if they don’t know the protection exists.
Dealing with mail addressed to a deceased loved one can be emotionally challenging and logistically frustrating. Whether you’re the Executor of their estate or simply a resident who shared their address, there are steps you can take to minimize the influx of such mail, from registering the deceased on the Deceased Do Not Contact List to requesting mail forwarding or contacting organizations directly to inform them of the death. Remember to handle such mail respectfully, as opening someone else’s mail without legal authorization is a federal offense.
Discover effective strategies for locating life insurance documents of a deceased relative, from searching through files and contacting financial advisors to reviewing tax returns and utilizing state resources such as insurance departments and unclaimed property offices.
Murphy Insurance Agency provides insurance solutions across Massachusetts and New England. Where you live is not a barrier to our assisting you. We are proud to serve the communities where our customers live and work, including Acton, Ashland, Ayer, Bellingham, Berlin, Blackstone, Bolton, Boston, Boxborough, Boylston, Chelmsford, Clinton, Concord, Devens, Dunstable, Fitchburg, Foxborough, Framingham, Franklin, Groton, Harvard, Holliston, Hopedale, Hopkinton, Hudson, Lancaster, Leominster, Littleton, Lunenburg, Marlborough, Maynard, Medfield, Medway, Mendon, Milford, Millis, Millville, Natick, Norfolk, Northborough, Northbridge, Pepperell, Sherborn, Shirley, Shrewsbury, Southborough, Sterling, Stow, Sudbury, Townsend, Upton, Uxbridge, Wayland, Westborough, Westford, Weston, Whitinsville, Worcester, and last but not least, Wrentham.