Possessing an estate plan is extremely necessary as it can avoid family feuds, secure the family’s future and ensure fulfillment of one’s wishes after they are gone. From implementing a senior care planning attorney to distributing the assets according to the wish and even appointing a guardian to the ward – estate planning is one of the major things to look into before retirement.

Estate planning involves one or all of the below, depending on a case to case basis –

• Getting a Will with all listed assets and two witness signatures and lawyer information, if done by lawyer or executor information.
• Choosing a Power of attorney and saving his/her information
• Getting an irrevocable/revocable Trust.

An ageing person should add health planning to the checklist. While documents should be stored in a secured platform for the children or the next generation to take care of, retirees are also advised to take care of their health with regular checkups and regular health activities. Health planning involves storing the below mentioned documents –

• Medical-claim papers with details of hospitals, amount covered
• Insurance papers with details of amount covered, nominee, account manager
• Medical history with all reports (scanned and uploaded)

If one owns a business, then he/she must think about its future and the next steps to keep it safe and flourishing. For that, below are the list of things to do –

• Getting a succession plan
• Detailing the shares within the company and saving it safely
• Saving the names and details of the directors with their individual share percentage

With this list, ageing can be better managed, and an ageing person will be well prepared to keep the smile intact on the faces of their loved ones when they won’t be around.