[jrs235]

Good advice.

I think this got upvoted because it offers a monthly email nudge/reminder and hopefully the site/service will stay on top of future issues related to staying on top of keeping your stuff together.

But yeah, talk to a lawyer to ensure state specific issues are properly covered/handled.

[toomuchtodo]

Something I've always wish the Social Security Administration offered was an executor service of sorts.

They're the canonical reference if you're dead or not, so upon my death, I could have configured in their web interface:

* who to notify, along with documents for each person (personal letters, etc)

* who to turn bank accounts over to

* a whole long laundry list of other stuff I have to find someone I trust to do if I do sooner than expected

What organization is typically entrusted to do this sort of task? I don't mind paying for my loved ones to be secure and guided after my death, I just want an org that I can 1) trust and 2) will be around for 100+ years.

[briandear]

You trust the government to do that? You're braver than I am. I would expect the government would have a great time knowing about everyone's end of life plans. The IRS would certainly love it. I don't trust the government to wash my car let alone ensure my family is protected if I were to die.

[rmxt]

You, presumably as an American citizen, already trust the government to do a whole lot more than "wash your car," so the fear seems a bit unfounded. You implicitly trust them to fund/manage/develop/build: the entire infrastructure your car rides on (and which your safety depends on), the educational system that will likely educate/indoctrinate your children for 12+ years, and the legal system (and all of it's record keeping complexities) which preserves and allows you to uphold your rights and well-being. That's just to name a few that are certainly more complex than the task the GP is envisioning. Maybe you can pose a "free-market alternative" for the second one, but you can't for the other two. (Thankfully.) Plus, if you still prefer having a "real" physical executor there, just put that single person's name down for all of the fields from the SSA.

Adding a few fields to a database is well within the capabilities of pretty much every government agency around. At least until feature bloat and cruft starts to develop...

[TheGrassyKnoll]

The legal system was/is constructed by lawyers, for lawyers.

[__z]

You may set your beneficiary for almost all of your bank accounts and financial accounts. You just have to notify them of your beneficiary. EDIT: This may only be for retirement accounts?

[toomuchtodo]

I use Simple for banking, which doesn't support this, but Betterment (who manages my retirement accounts) does. My wife is my primary beneficiary, and I've submitted a feature request to them that they support specifying a 501(c)(3) as my contingent beneficiary (Watsi, in case you're wondering) if we've both died at the same time.

I'm curious what their UX around it is; I should ask! Ideally, my wife would provide them proof of my death, and then they would say "Here are your options, and the consequences of each."

[__z]

The social security administration notifies banks of your death.

[toomuchtodo]

I'm curious how they do this. Do they provide a list of SSNs on a schedule to financial orgs through the Fed?

[__z]

The SSA has a death index. http://en.wikipedia.org/wiki/Social_Security_Death_Index Banks probably register your SS number (which they are required to have) with the SSA for "notify if dead" (just a guess). Doubtful they give every financial institution the SS numbers of all deaths on a regular basis. Then again they might have direct access to such information since they can't open up an account for a dead person.

Of course it suck if you end up on it while you are still alive

http://consumerist.com/2015/05/04/being-declared-dead-by-the...

>She learned that she was dead when she received a letter from her bank. The bank expressed its corporate condolences, and locked her out of her account. The Social Security Administration also stopped her retirement checks, and her health insurance also stopped.