Does Your Will Pass the Test?

Change occurs all the time, and it is important that your estate plan keeps up.

You should review your will every three to five years or if you experience changes in any of the following areas:

  • Life: Marital status, birth, death, health challenges, relocation or retirement
  • Assets: Property, inheritance, insurance proceeds, retirement accounts, businesses or overall changes in your estate’s value
  • Appointees: Executors, personal representatives, guardians, attorneys-in-fact, trustees or health proxies/agents
  • Legal: Federal or state tax rates and regulations, trust or property laws
  • Charitable: Support for causes that are important to you arise or increase

What About Your Digital Assets?

They may not seem like the most valuable item to inherit, but passwords are the keys to your digital life. When updating or creating your will, determine who should be your “data beneficiary” – a trusted friend or family member who can access your information.

Create a list of your digital assets and passwords using an online platform with encryption or save them on a flash drive for security. Find a safe and easily accessible place to store your list and make sure to update it whenever you change a password.

Your Will, Your Way

Your will can be used to extend your support for the VFW into the future. Contact Chrissy Mason at 816.968.1119 or plannedgiving@vfw.org to learn more.

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