{"id":362,"date":"2011-12-09T16:42:37","date_gmt":"2011-12-09T16:42:37","guid":{"rendered":"https:\/\/eagleoneresources.com\/?p=362"},"modified":"2011-12-09T16:42:37","modified_gmt":"2011-12-09T16:42:37","slug":"what-your-family-needs-to-know-when-you-die-part-4","status":"publish","type":"post","link":"https:\/\/eagleoneresources.com\/?p=362","title":{"rendered":"What Your Family Needs to Know When You Die (Part 4)"},"content":{"rendered":"
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The assets you listed in the last installment are only half of your personal balance sheet that your family will need when you are gone.\u00a0 The other half are your liabilities \u2026 the debts you owe to others.<\/p>\n

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  • Mortgage \u2013<\/strong> for most families, the mortgage on the family home will be the largest debt that is owed.\u00a0 Your family will need to know the name of the mortgage lender and its address; the loan number; and, the current balance owed on the loan.\u00a0 If there is more than one mortgage on the property, be sure to list any other lenders and the appropriate account numbers.\u00a0 Be sure to list the monthly payment that is due on each mortgage.<\/li>\n<\/ul>\n

    This would also be a good place to list any life insurance policies that you may have purchased to provide the funds to pay off the outstanding mortgage(s).<\/p>\n

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    • Auto Loan(s) \u2013<\/strong> provide your family with the name of the lender along with the lender\u2019s address; the account number; the current balance owed on the loan; and, the monthly payment that is due.\u00a0 If you have purchased any loan cancellation insurance, you should list it here including the name of the insurance company, its address, and any person with whom you regularly have contact.<\/li>\n<\/ul>\n

      You should also list here the name of the company that insures your vehicle(s) along with the name of your agent and the policy number so that the company can be notified of your death.<\/p>\n

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      • Credit Cards and Personal Loans \u2013 in a perfect world, no money would be owed on unsecured debts.\u00a0 However, few of us live in \u201cPerfect World, USA\u201d so list all of your personal\/signature loans, credit card accounts, addresses for each account, the account numbers, and a current balance on the account.\u00a0 Also, indicate where you keep your current statements and balances owed on each account.<\/li>\n<\/ul>\n

        A person\u2019s death does not wipe out any debts that are owed.\u00a0 Creditors have the right, and they will exercise it, to make demands for payment against your estate.\u00a0 Sadly, there are some who will attempt to take advantage of survivors\u2019 grief and confusion to make money by making claims against the estate for debts that do not exist.\u00a0 By leaving a clear inventory of debts owed, you can protect your family against these bogus claims.<\/p>\n


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        The assets you listed in the last installment are only half of your personal balance sheet that your family will need when you are gone.\u00a0 The other half are your liabilities \u2026 the debts you owe to others. Mortgage \u2013 for most families, the mortgage on the family home will be the largest debt that […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_s2mail":"","footnotes":""},"categories":[44,13,35,45,46,47],"tags":[15,25,28,88],"class_list":["post-362","post","type-post","status-publish","format-standard","hentry","category-financial-planning","category-money-management","category-personal-finances-2","category-pre-need-planning","category-what-my-family-needs-to-know","category-what-my-family-needs-to-know-financial-planning","tag-finance","tag-money-management-2","tag-personal-finances","tag-pre-need-planning"],"_links":{"self":[{"href":"https:\/\/eagleoneresources.com\/index.php?rest_route=\/wp\/v2\/posts\/362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eagleoneresources.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eagleoneresources.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eagleoneresources.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/eagleoneresources.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=362"}],"version-history":[{"count":2,"href":"https:\/\/eagleoneresources.com\/index.php?rest_route=\/wp\/v2\/posts\/362\/revisions"}],"predecessor-version":[{"id":364,"href":"https:\/\/eagleoneresources.com\/index.php?rest_route=\/wp\/v2\/posts\/362\/revisions\/364"}],"wp:attachment":[{"href":"https:\/\/eagleoneresources.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eagleoneresources.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eagleoneresources.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}