Caring for a loved one at the end of life is a profound responsibility, involving many decisions that impact comfort, dignity, and legacy. A critical part of this journey is end-of-life financial planning, which helps ensure your loved one’s wishes are honored and their legacy is preserved. The Mori app is designed to simplify this process, giving caregivers tools to organize, track, and manage essential documents and plans. Here’s how Mori can support you in six essential tasks:
Gather Essential Financial Documents
The first step in planning is organizing financial records like bank statements, insurance policies, wills, and property deeds. Mori offers a secure, centralized platform where these documents can be uploaded and accessed when needed. Using Mori’s cloud encryption, documents are safeguarded and accessible only to designated individuals, giving caregivers peace of mind.
Understand and Manage the Will and Estate Plans
Wills and estate plans ensure that a person’s assets are distributed according to their wishes. If your loved one doesn’t have a will, Mori can guide you through creating one and connect you with legal professionals. For existing estate plans, Mori sends reminders to keep documents updated, helping to avoid complications. Caregivers can securely store all estate-related documents in Mori, making them easily accessible to authorized family members.
Ensure Health Care and Financial Directives Are in Place
Healthcare and financial directives allow trusted individuals to make decisions on behalf of your loved one if they can’t do so themselves. Mori’s Advanced Directive Management feature provides templates for creating Healthcare and Financial Powers of Attorney, along with Advance Healthcare Directives. These documents are stored in Mori and can be accessed by medical providers and family members when needed.
Review Insurance Policies and Benefits
Insurance coverage can ease the financial burden of medical and funeral expenses. With Mori’s Insurance Management tool, caregivers can store and monitor life, health, and long-term care policies. Mori also offers reminders for premiums and renewals, helping caregivers keep track of benefits and explore additional veteran or employer options. With all insurance information in one place, caregivers can better understand and access available benefits.
Prepare for Final Expenses
End-of-life expenses, including medical and funeral costs, can be overwhelming. Mori’s Final Expenses Calculator helps caregivers estimate these costs and set aside funds for them. By using Mori’s financial planning features, caregivers can allocate specific savings for final expenses, reducing last-minute financial stress and ensuring the loved one’s preferences are respected.
Access Professional Guidance Through Mori
Financial and legal professionals can simplify complex end-of-life planning. Mori connects caregivers with a network of vetted professionals, including estate attorneys and financial planners, to provide personalized guidance. These experts help address tax implications, asset protection, and legal requirements, making sure everything is accurately prepared.
Embrace Peace of Mind with Mori
End-of-life planning is about more than managing assets; it’s about creating a legacy that reflects the life and values of the person you care for. Mori makes this planning process manageable, from organizing financial documents to securing healthcare directives and calculating expenses. With Mori, caregivers are empowered to make informed decisions that honor their loved one’s wishes, creating a lasting legacy. Mori’s user-friendly features and commitment to security and simplicity provide caregivers with peace of mind, allowing them to focus on meaningful moments with those they cherish.
