Preparing you and your family for whatever challenges or opportunities lie ahead sometimes means planning after you or a loved one discovers they have a terminal illness.
While this checklist captures many key considerations anyone faced with a terminal illness should plan for, the considerations are relevant to anyone, regardless of their health. You cannot control the future, but you can plan for the financial security of your family if something were to happen to you.
Here are some steps you can take to care for those you leave behind.
Make a list of every asset and debt you have. Include as much detail as you can for each. The title of each account, where it’s held, the owner, the account number, the beneficiary and contact numbers.
The below are examples of assets you’d include, and the most pertinent information regarding each.
Your J.P. Morgan advisor can offer financial guidance as you and your family navigate this challenging time.
This article was authored by Megan, a former financial planner. At only 41, Megan was diagnosed with stage 4 cancer. After recovering from the shock of her diagnosis, Megan took to planning for her family’s future financial well-being. That process served as the basis for this article. It was Megan’s wish that her experience will guide families experiencing similar diagnoses.
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