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Cleaning your financial house for future generations

There is a sizable checklist of "things to do" for many estate planners that ranges widely from will/trust execution and heir/beneficiary designations to inheritances and health care-related instructions.

In almost all cases, say multiple commentators in a recent article focused upon financial management in the estate planning realm, that bulleted list should also have this item highlighted: death cleaning.

That's quite a jolt-ridden term, we know, but at its core it simply means cleaning up one's financial house a bit in anticipation of the day when heirs must open its doors en route to closing an estate.

That house -- that is, the totality of financial accounts, documents, contact information and related records -- can be either relatively tidy and easy for heirs to walk through … or it can be a complete mess.

And as the above-cited article stresses, what heirs confront is something that is largely determinable well in advance by an estate planner.

It is certainly no secret that some financial decluttering is necessary for most people as they advance in years. As the financial publication NerdWallet notes, "Simplifying and organizing our financial lives can make things easier for us while we're alive and for our survivors when we're not."

Candidly, a planner can do a lot to timely clean up finances in a way that will be both personally beneficial and highly helpful to future generations impacted by estate administration. NerdWallet suggests a number of steps that can be taken to promote the process.

An experienced estate planning lawyer who is well versed in elder law considerations can also offer candid and on-point advice to individuals seeking to make things easier for heirs and loved ones.

Providing for future generations is a loving act and gift bestowed by an estate planner on those who he or she most cares for. It is rendered even more valuable when those people can receive it in simple and unfettered fashion.

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The Law Offices of Kimberly Butler Rainen
21 Central Street
Andover, MA 01810

Phone: 978-494-6730
Phone: 978-409-1928
Fax: 978-849-8212
Map & Directions

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We are in a 1700s Colonial located on the intersection between Brook Street, Central Street and Essex Street in historic downtown Andover, Massachusetts. The parking lot entrance is located on Brook Street, which is a one-way. From Central, turn down Essex Street. Before reaching the railroad tracks, when you see the St. Augustine Church on your right, take a sharp left turn on to Brook Street, which will turn you back toward Central Street. As you ascend the hill back toward Central Street, you will see large stone pillars on either side of the entrance to our parking lot. We have assigned parking spaces numbered 7 and 10.

From the parking lot, you may take the stairs located on the rear, left-side of the building up to the garden area, where the foyer entrance to our office is located. You can also follow the sidewalk on Brook Street up to Central Street, walk along Central Street past the main house entrance (with a wrought iron gate across the walk way) to an opening in the wrought iron fence, in to the garden area where the foyer entrance to our office is located.