A Family Transition Plan is an organized personal report that encompasses all of the personal business affairs of a family or an individual. It details the location and contact information for every asset, income source, service provider, liability, and available benefits. It also includes transition instructions for each individual item.

A Family Transition Plan provides one organized place for someone to reference when completing the tasks associated with settling an individual’s affairs. This may be used by a child, a spouse, or the named personal representative.

The personalized report reduces the possibility of lost assets and it can eliminate the “scavenger hunt” someone might have to go through on the individual’s behalf. In addition, having things organized in one place can reduce ongoing service fees by having account and contact information for service providers readily available.

In the circumstance where one spouse handles all the investments and finances for the family, this directory can provide great comfort to a surviving spouse should something happen.

Finally, many of our clients find comfort in the fact that they can prepare this report for their family without having to disclose the value of their accounts to their family today.