It’s about that time again. Time to check your key documents to see if they’re up to date. The best times are likely at year-end, when you do your tax planning, or at the beginning of the year, when you get your records together for tax preparation. Here’s what you need to check:
- Beneficiary designations for insurance policies, retirement plans, deferred annuities.
- Contents of your will and accompanying letter of instruction.
- Powers of attorney.
- Trustee appointments.