@Experian

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experian.com/blogs/news
Joined April 2010
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A10. You're planting a seed, not growing a whole plant overnight! Start with an “if something happened to me…” conversation or a story in the news. A trusted friend, professional, or faith leader can help. #creditchat
Experian
@Experian2h
Q10. Who in your life should you talk to about your estate plan, and what’s your advice for starting that conversation with family? #CreditChat
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Replying to @Experian @Daniellemiula @MJGestateplan @ElderLawExpert
We are so thankful to you all for sharing your expertise with us today! #CreditChat
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Replying to @Experian
A10: Talk to your family about your estate plan before a crisis forces the conversation. If you have young children, deciding who would serve as their guardian if something happened to you & your co-parent is especially important. Planning ahead is an act of love. #CreditChat
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A10b Estate planning is less about predicting the future than preparing for it. Clear plans protect loved ones, reduce confusion and put important decisions in trusted hands. Planning today gives families something valuable tomorrow: clarity when they need it most. #CreditChat
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A10a Talk with the people who may carry out your wishes — family members, executors, guardians and trusted advisers. Estate planning isn’t a conversation about dying as much as a way to make life easier for the people left behind. Start with what you want to protect. #CreditChat
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Experian retweeted
Evan Farr@ElderLawExpert2h
Replying to @Experian
A10. Talk with your spouse, children, and chosen fiduciaries. Discuss not just inheritance, but incapacity, long-term care preferences, and protecting family savings. Ask: “What happens if I need $150,000+ a year in nursing home care?” #CreditChat
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A9. Start by listing your wishes and researching reputable online estate-planning tools. Compare them with advice from an estate attorney. Legal aid and nonprofits may offer free or sliding-scale help. Talking is a free first step! #creditchat
Experian
@Experian2h
Q9. What’s your best tip for starting an estate plan on a budget, and where can people go for help? #CreditChat
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Experian retweeted
Evan Farr@ElderLawExpert2h
Replying to @Experian
A9. Start with a financial power of attorney and advance medical directive. But don't confuse inexpensive estate planning with comprehensive planning! For seniors, protecting a lifetime of savings from nursing home cost may be far more important than avoiding probate. #CreditChat
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Experian retweeted
Christina Roman@Teena_LaRo2h
Good point! #CreditChat
Michael J. Greenberg, Esq.@MJGestateplan2h
Replying to @Experian
A8: Digital assets are easy to overlook in estate planning. Think family photos/email/social media. Decide what should happen to these accounts and designate a trusted person to help carry out your wishes. Facebook, for example, allows accounts to be memorialized #CreditChat
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A9. Even if money is an issue, don't let “I can’t afford a complicated estate plan” become “I’ll do nothing.” Start by getting organized, learning what you actually need. Your situation may be simpler than you think, or it may reveal professional advice is necesssary. #CreditChat
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A9 Starting doesn’t mean spending a fortune. Make an inventory of assets, debts and accounts, check beneficiary designations and learn your state’s requirements. Free legal-aid programs, bar associations and reputable estate-planning resources help with next steps. #CreditChat
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Experian retweeted
Christina Roman@Teena_LaRo2h
"Don't leave loved ones locked out..." Still taking notes! #CreditChat
Evan Farr@ElderLawExpert2h
Replying to @Experian
A8. Financial accounts, email, cloud storage, digital photos, and important online records. Use a password manager and legally authorize a trusted fiduciary to access digital assets. Don't leave loved ones locked out of essential financial information. #CreditChat
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Experian retweeted
Christina Roman@Teena_LaRo2h
Great advice! Thank you, Danielle! #CreditChat
Danielle Miura, CFP®, MSFP, EA@Daniellemiula2h
A7. Autopay can help keep bills current during a crisis, but someone still needs to know what to monitor. Keep an organized list of accounts and instructions for accessing important information securely. #creditchat
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A8. Think bank accounts, credit cards, utilities, mortgage or rent, insurance, and digital photos. Decide who needs access and when. Use a secure password manager and plan for digital access in advance. #creditchat
Experian
@Experian2h
Q8. What online accounts, passwords, or photos would you want your family to be able to access if something happened to you, and how do you determine who should have access? #CreditChat
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A8. This is so important! Think about email & social media accounts, photos, subscriptions, cloud storage and other online accounts. @ElderLawExpert has a helpful resource on including digital assets in your planning & keeping info current. farrlawfirm.com/critter-corn… #CreditChat

Keeping Your Digital Assets Safe and Up to Date

Dear Oakley, I completed my estate planning documents three years ago and haven’t thought about it since. My 30-year old son brought up a good point the

farrlawfirm.com
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A8 Make a secure inventory of digital accounts, files, photos and subscriptions, along with instructions for accessing them. Decide who should handle what, use a password manager or other secure method and avoid leaving sensitive information in an unsecured document. #CreditChat
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Replying to @Experian
A9: Start by reviewing the beneficiaries on your life insurance, retirement accounts, and other accounts that permit beneficiary designations. Keeping them current can help assets pass directly to the intended recipients without waiting for probate, where applicable. #CreditChat
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Replying to @Experian
A8: Digital assets are easy to overlook in estate planning. Think family photos/email/social media. Decide what should happen to these accounts and designate a trusted person to help carry out your wishes. Facebook, for example, allows accounts to be memorialized #CreditChat
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Replying to @Experian
A7: After a loved one dies, it’s important to consider identity theft and ensure the credit bureaus are notified. The SSA and creditors may notify them automatically, but families can contact @Experian to report the death. #CreditChat
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Experian retweeted
Evan Farr@ElderLawExpert2h
Replying to @Experian
A9. Start with a financial power of attorney and advance medical directive. Don't confuse inexpensive estate planning with comprehensive planning! For seniors, protecting a lifetime of savings from nursing home costs may be far more important than avoiding probate. #CreditChat
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