Five Things To Do To Be Legally Ready For Retirement

Outlook Money

Write And Update Your Will

Prepare a Will before retirement and keep it updated with the latest wealth details.

Update Will

Inform Legal Heir Or Close Relatives

Keep your legal heir and close relatives informed about the Will and discuss who will care for you and your spouse in old age.

heir

Assign Power Of Attorney For Health Decisions

Choose a trustworthy person, an heir, or a close relative, and assign a power of attorney to make healthcare decisions on your behalf in case you cannot do so when a health emergency occurs.

Health Decisions

Take Help From A Tax Consultant To Avoid Disputes

Consult a tax advisor for any tax-related disputes. Look for a trustworthy advisor to assist you even after retirement.

Tax Consultant

Safekeep Your Valuable Documents

Keep important documents, such as Wills, financial statements, bank passbooks, credit cards, etc., safely in one place, and also make a list and share it with a trustworthy person.

Documents

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