Tips to Help Get Your Financial Matters in Order

Are your financial matters in order? AARP can help.

Want to enjoy the peace of mind that comes with having your financial matters in order? AARP is working to empower you with information and resources that can help bring comfort and security for you and your loved ones.

“Getting Your House In Order”
Tuesday, April 10, 2025, 2:30 – 4 p.m. ET
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Join us for a free event to help get your final matters in order. Learn how to make decisions at end of life for yourself or a loved one, manage anxiety, create directives for loved ones, and prepare wishes they may have when end-of-life happens.

1. Create a Will
A will ensures your assets are distributed according to your wishes after death. It specifies who will receive your property, name guardians for minor children, and appoint an executor to manage your estate. Update it periodically to reflect changes in assets or family situations.


2. Take Inventory of Your Assets and Debts
List all assets (bank accounts, real estate, investments) and liabilities (mortgages, loans, credit card debt). This inventory provides a clear picture of your estate’s value and simplifies the settlement process for your executor, ensuring that no assets or debts are overlooked.


3. Designate Beneficiaries
Assign beneficiaries to your assets, such as life insurance, retirement accounts, or bank accounts. Ensure that these designations align with your will, as these assets bypass probate and pass directly to the designated individual. Regularly review and update beneficiary designations to reflect life changes.


4. Organizing and Storing Important Documents
Store vital documents like your will, power of attorney, and insurance policies in a secure, accessible location. Consider using a fireproof safe or digital storage solution. Ensure your executor and loved ones know where to find them when needed, preventing confusion during an emotional time.


5. Communicating Your Plans
Discuss your estate plan with trusted family members, especially your executor and beneficiaries. Clear communication helps avoid misunderstandings and conflict. Ensure they understand your wishes regarding healthcare, end-of-life decisions, and asset distribution, providing peace of mind to both you and your loved ones.