Southern Indiana Living

JAN-FEB 2018

Southern Indiana Living magazine is the exclusive publication of the region, offering readers a wide range of coverage on the people, places and events that make our area unlike any other. In SIL readers will find beautiful photography, encouraging s

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Page 38 of 51

Jan/Feb 2018 • 39 It's the season of resolutions. Many people start the new year with a list of goals and projects to accomplish. If creating a will is on your list, here are some tips. Doing your homework before you meet with an attorney can save you time and money. In addition to giving some thought to how you want your property distributed, take the time to assemble the following information: • Your (and your spouse's) social security number and birthplace • Date and place of current marriage, location of marriage license and copy of any prenuptial agreement • Names of former spouses. Date of death or separation/divorce • Names, ages and addresses of planned beneficiaries • List of real estate owned, estimated value and cost basis • Name and contact for income tax preparer/accountan t • List of other assets (insurance policies, IRAs, investments), including estimated value and cost b asis • Life insurance or annuity contracts • List of current mortgages or debts, including amounts and when they incurred • Employment benefits, such as pension or profit sharing, insurance, stock options, etc. • Name and contact information for guardians of minor children • List of who gets what personal property, such as family heirlooms, etc. • Name and address of any charitable organizations you want to include in your plans If you have preferences about a memorial service, final resting place, etc., take the time to discuss it with your loved ones, or write it down and make it easy to find. Knowing your wishes will make it easier for your loved ones to make arrangements. After all, putting together a will doesn't focus on your death; it's a plan for how your passing affects the lives of those you leave behind. If you would like more information on how to get started with your will, or how to include your favorite nonprofit or cause, call us at 812-738-6668. Checking it off your list

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