11 Essential Steps for a Positive Legacy Transfer

By /

Many people put little to no effort into planning for their death. Whether it’s denial, laziness, or simply not caring, this mindset can lead to chaos for loved ones left behind. If you want to be remembered as someone who took care of their family and friends with thoughtful, advanced planning, here are 11 items that can reduce or eliminate chaos upon your death.

1. Audio/Video Messages

Once you’re gone, you can’t say anything more. Take the time to record clear messages for those you love and care about. Creating these messages can be emotionally difficult, but their impact on recipients can last a lifetime.

2. Personal Instructions

Personal instructions convey your wishes and thoughts that aren’t found in legal documents like a Will or Trust. These instructions can evolve over time and provide guidance on various personal matters.

Contacts3. Contact List

Create an accessible list with phone numbers and emails of important contacts, explaining why each person is significant and how they can help. This list could include your CPA, lawyer, financial advisor, best friend, and others you’d want notified upon your death.

4. Email List

Group your contacts into an easily accessible email list to streamline communication when needed.

Scroll of Wishes5. Funeral Wishes

Be specific about your funeral wishes, from the handling of your body to the music played and how you want to be dressed. Don’t leave these details to your loved ones, who will already be dealing with many issues and questions. This can greatly lessen their burden.

6. List of Passwords

Ensure your passwords are documented securely, either on paper or in a digital format. Avoid storing them unencrypted on a device.

7. Bills to Pay

One of the greatest stressors for those left behind is managing your bills. Create a process that allows others to see which bills are important, the method of payment, and when they are due.

8. Assets and Liabilities

Make sure your finances are accessible, so nothing gets lost or misplaced. This includes detailing all assets and liabilities clearly.

9. Important Documents

Keep crucial documents such as your Will, Trust, Advanced Health Care Directive, and insurance policies easily accessible. This ensures that your wishes are followed and that legal processes run smoothly.

10. Litigation List

In our legal society, this item might not be relevant to everyone, but if you are involved in any legal matters as a plaintiff or defendant, leave detailed information. This will help those left behind manage or resolve these issues properly.

Personal Items11. Personal Items

Personal items, whether valuable or sentimental, should be clearly documented. Stories of hidden treasures found during home renovations are common, but ensuring valuable items go to those you care about is crucial. Be specific in your intentions to prevent conflicts among loved ones over personal items.

By addressing these 11 items, you can ensure a smoother and more positive legacy transfer. Thoughtful preparation today will help your loved ones navigate the difficult time following your death with less stress and confusion. Take these steps to be remembered as someone who cared deeply and planned thoughtfully.

 

Ian Goldey, the author of this article, brings over three decades of experience as a private wealth manager, assisting families with their financial planning. He has applied this extensive knowledge, along with his partners to create WhenIDie.com, a digital platform that simplifies the entire process of death planning and more. Try it free for 30- days. Apply this code 2024BLG15 for a 15% discount!

 

Legal Disclaimer

The information provided in this blog is for general informational purposes only and is not intended to be tax, legal, or financial advice. Readers should not act upon this information without seeking professional counsel tailored to their individual circumstances. While we strive to ensure the accuracy and reliability of the information presented, we make no representations or warranties regarding its completeness, accuracy, or current applicability. The use of this blog does not create an attorney-client or accountant-client relationship. For personalized advice, please consult a licensed attorney, tax advisor, or financial professional.

Scroll to Top

Hi (trusted person),

it’s (Plan Creator), and you are getting this (text or email) because you are one of the most influential people in my life and I would like you to be one of my Trusted Individuals “If I Die”. Making sure my family, friends and loved ones are taken care of “When I Die” is being handled by this web-based program I have purchased from a company called Asset Planet. This program is accessible anywhere in the world with Internet connection, and makes a challenging process much easier for those I leave behind.

There is no cost to you as one of my Trusted individuals, but there is a responsibility to possibly activate the program should you be the first to learn about my death. After the activation process has begun you would be part of a team of other Trusted Individuals to maximize how you can collaborate to make my death easier on everyone.

The web-based process is linear and designed by experienced financial professionals who got tired of watching the chaos that often surrounds someone passing. (optional) This need for care is amplified when you are the (matriarch or patriarch) of a family which carries great responsibility and I am very appreciative of our relationship and believe you are one of the best people to help in a time of need. You can access this program from anywhere with an Internet connection and is best viewed with a tablet or larger monitor – vs a phone. There is nothing to break or worry about doing wrong so there is low stress around tech or financial literacy.

All you have to do is remember the websites https://IfIDie.com or https://WhenIDie.com and this program relies on your cell phone text for 2FA verification due to the private nature of the topic. No need for complicated forms or personal information, just your name and phone number.

You must apply and be approved before accessing the agent sale site.

Currently beta testing sign-up for 1st release

Write us if any question

Contact Us

Trusted Individuals – Anybody chosen by a Plan Creator who then accepts the honor to support a friend, colleague, or family member to deliver a positive legacy.  If a Trusted Individual is on multiple plans, they will have a unique dashboard allowing them to log into various plans. Professionals such as lawyers, doctors, and financial advisers are likely to be involved in multiple plans, plus there is always that great friend that multiple people genuinely trust.  Everyone accepting the role of Trusted Individual is incredible, and Asset Planet is here to help when needed.

E-mail /Text Sample accepting role as Trusted Individual

Plan Creator – Each plan is based on a single Creator designed to meet their needs.  Plan Creators can adjust, modify, revoke privileges, and act as the plan’s Super Administrator. Plan Creators are the only ones to lock and unlock features for viewers and other users. Plan Creators are the only ones that can order products or services from within the program. Audio or video messages cannot be altered by anybody other than by the Plan Creator.