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Key Things to Consider When Organizing Your Finances

Planning for Your Future: Part 2

Organizing your finances, accounts, and assets now can help your family navigate the future according to your interests and preferences. This can be especially useful to your loved ones if you need assistance with decision-making due to Alzheimer’s disease or related dementia. Documenting your digital and financial footprint will ease the way for your family to make smooth decisions later on.

Digital Planning

In such a digital-first society, collecting logins and passwords, identifying online accounts, and tracking your digital footprint can be a Herculean feat. Start small by creating a list of logins that you use regularly. Over time, add to the list every time you access a new account. Before you know it, you’ll have a comprehensive list of your most important digital accounts.

Financial Planning

Organizing finances can be one of the most extensive parts of planning ahead. With so many things to include, it can be easy to miss something important. Use the list below to itemize your financial assets:

  • Bank accounts
  • Credit and debit cards
  • Loans/mortgages
  • Insurance plans
  • Retirement funds/investments
  • Physical assets (real estate, businesses, vehicles, etc.)
  • Prepaid funeral arrangements

Consult a financial advisor if you have any questions about financial planning best practices.

The thought of getting older is often associated with a lack of autonomy, but there are so many decisions you can make now to control how your assets and accounts are handled in the future. 

Willow River is Here to Help

At Willow River, we understand the challenges that Alzheimer’s and dementia can bring. If you have questions or need help, Willow River has the answers and resources you need. Call Willow River Senior Living at 888-546-1886 or contact us through our website to start the conversation today.