Ensure Peace of Mind with an Heir Preparation Packet

Ensure
Peace of Mind with an Heir Preparation Packet

Estate
& Giving

Help Your
Loved Ones Navigate Life’s Most Difficult Moments with Clarity and Confidence

No one likes
to think about death or incapacity—but one of the most thoughtful and loving
gifts you can leave behind is a roadmap to help your family manage the
important matters when you’re no longer able to.

An heir
preparation packet is a simple but powerful tool that helps eliminate
confusion, reduce stress, and ensure your wishes are followed. It’s a
collection of essential documents and instructions that your loved ones can
turn to when they need guidance the most.

Here’s what
to include in your packet:

1.
Important Documents & Access Information
Start by listing where your will, trusts, insurance policies, and retirement
account details are located. Include usernames and passwords for important
accounts and devices, so your family isn’t left guessing or locked out.

2.
Financial & Professional Contacts
Include names and contact information for key professionals—your financial
advisor, CPA, attorney, insurance agents, and any institutions managing your
investments. This will help your heirs know exactly who to turn to.

3.
Insurance & Benefits Overview
Summarize your coverage, including health, life, homeowners, auto, boat, and
valuable personal property policies. Be sure to include any military,
government, or employer-sponsored benefits that your family may be eligible to
claim.

4. Family
& Personal History
Add personal touches such as your place of birth, your parents’ names, and
other biographical information that could be helpful for future generations or
legal paperwork. Include a list of your children, siblings, and other important
family relationships.

5. Clear
Instructions for Next Steps
Perhaps most important, specify which person or advisory firm your loved ones
should contact first to help guide the process and carry out your wishes.
Having a designated “go-to” contact can provide enormous relief during a time
of grief.

A Lasting
Gift of Organization and Love
Putting together an heir preparation packet may take a little time now, but it
saves your loved ones countless hours—and heartache—down the road. If you’d
like help getting started or organizing your estate documents, I’m happy to
guide you through the process.

Pendle Hill Advisors
is proud to contribute to the Montgomery County News with our weekly column. If
you have questions related to this article or your financial situation in
general, please give our office a call.

Kent Pendleton, AAMS®

Financial Advisor, RJFS

Pendle Hill Advisors LLC

14375 Liberty St, Ste 109 | Montgomery, TX 77356

T 936-297-8267

Kent.Pendleton@raymondjames.com | www.raymondjames.com/pendlehilladvisors

Securities offered through
Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory
services are offered through Raymond James Financial Services Advisors, Inc.
Pendle Hill Advisors is not registered broker dealers and is independent of
Raymond James Financial Services.