It can’t be said too many times…do your estate planning
I’ve posted this before but it really can’t be said enough. Get your affairs in order. EMPs are a possibility, but death is a certainty and unlikely, sudden, too young, too healthy, “But he worked out every day!”, “But I always thought I would go first!” deaths happen all the time. We just had one in our family.
Lots of good articles out there, I’m linking to one below. I would say the very FIRST thing everyone should do is check the beneficiaries on your accounts. Any bank account, retirement account, HSA, anything should have the person you intend listed as a death beneficiary and then have alternates. That way the assets go directly to your beneficiary on your death instead of going through probate – they have access to the funds right away. This is easy to do and doesn’t cost anything. After that you can get into your will, power of attorney, medical power of attorney, life insurance etc.
Finally, talk to your family. Make sure someone trusted knows what accounts you have, where to find your will, what your intentions are. possibly even share passwords with them if you trust them. If not, consider subscribing to a password manager service that can allow someone to have emergency access in the event of your death (e.g. LastPass).
Honestly, don’t spend another dime on ammo or #10 cans until you have dealt with this. It causes so much pain, stress, and heartbreak on top of an already heartbreaking situation when someone dies unprepared.
Sample article here – and there are lots more out there. https://www.nerdwallet.com/article/investing/estate-planning