Challenge yourself and organize those documents. A local financial advisor breaks down some of the areas to focus on.
SAN ANTONIO — Take the challenge and organize those documents. A local financial advisor breaks down some of the areas to focus on.
For the past three weeks on Eyewitness News at 6 p.m. Tuesday, KENS 5 has challenged you to get organized. Previously, a local financial adviser explained how putting away your emails and digital files can be a boon to your finances.
The final challenge is to organize your estate documents.
THIRD CHALLENGE: ORGANIZING ESTATE DOCUMENTS
“Once a year, it’s a good idea to check your beneficiaries, whether it’s your 401(k), whether it’s your IRA. All retirement plans. usually will have a named beneficiary. Is this still the person you want to leave your investments to? said Karl Eggerss, Director and Financial Advisor of CAPTRUST.
“A will, a medical power of attorney, one of those documents that names someone else?” Make sure it’s the same people you want,” Eggerss said. “If you don’t have a will, there are many reasons to have one. What if you become incapacitated? Who will pay your bills during this time even for a few weeks. Who is going to decide whether or not you should stay alive or not? Have you made these intentions known?
“Where is the title to the car? How are some bills paid? So make sure it’s written down,” he said. form.”