Enable Accessibility
Personal Online Banking
All personal banking clients, please enter your online credentials here:
e‑Treasury Business Banking
Log in
Safeguarding your online banking sessions is our top priority. For information about how you can help protect your online banking sessions, or if you need additional assistance with your e-Treasury log-in, please contact Client Support at [email protected] or 855.274.2800.

Download our e-Treasury Secure Browser

Business Online Banking
If you need assistance, please contact Client Services at [email protected] or 855.274.2800.
Log in
Safeguarding your online banking sessions is our top priority. For information about how you can help protect your online banking sessions, or if you need additional assistance with your e-Treasury log-in, please contact TM Service at [email protected] or 212.575.8020.

Download our e-Treasury Secure Browser

Download the Sterling e-Treasury Token Client

Business Online Banking
If you need assistance, please contact Client Services at [email protected] or 855.274.2800

For optimal viewing experience, please use a supported browser such as Chrome or Edge

Download Edge Download Chrome

An essential guide to Estate Planning preparedness

Published on September 27, 2023 | LPL Financial

A recent survey by Caring.com found that a whopping two in three American adults do not have an estate plan1—an alarming statistic, considering that an estate plan can protect your assets and ensure that they go to the right people. If you have not begun to prepare an estate plan, or if your estate planning efforts have stalled, what can you do to get back on track? Here are seven crucial steps to take when planning your estate.

#1: Inventory Your Possessions

To learn how your assets should be distributed, you will first need to know what your assets are. Take a notebook and go through the inside and outside of your home, listing any valuable items like electronics, vehicles, jewelry, art or antiques, precious metals, lawn and garden equipment, and tools.

#2: List Your Non-Physical Assets

Once you have listed your physical assets, make a list of non-physical assets—401(k) and IRA accounts, checking and savings accounts, life insurance policies, brokerage accounts, cryptocurrency, and anything else that exists online. Having this list of accounts will make it much easier for the executor of your estate to track down non-physical possessions.

#3: Identify and List Debts

If you make a list of all your open credit cards, mortgage or HELOC, auto loans, and any other debt you are carrying, you will also allow your executor to easily ensure that your bills are timely paid after your death. To be most helpful, include your account numbers and any contact information for those holding your debts. And if it has been more than a year since you last requested your free annual credit report, downloading this report can help you identify any debts you have forgotten about or clear up any invalid entries.

Once you have completed these lists, make at least two copies and keep them in a safe place. The key is for these lists to be easily accessible when needed.

#4: Update Insurance Policies

If it has been a few years since you’ve reviewed your auto, homeowner, renter, or other insurance policies, you may not be carrying enough coverage to fully protect you if the worst happens. Review your coverage limits and talk to your financial professional to see whether you should be carrying more insurance.

#5: Designate “Transfer on Death” Accounts

Some accounts can pass outside the probate process through a “transfer on death” (TOD) designation. For TOD accounts, as soon as one account-holder dies, the account is transferred to the named beneficiary. Allowing your beneficiaries to receive assets without having to go through probate can often provide a much-needed financial boost during a time of grief.

#6: Choose Executor or Estate Administrator

It is important to select a responsible, detail-oriented person to serve as the administrator of your estate. This can be a relative or a third party, like a lawyer, bank employee, or financial professional. Your estate administrator will be responsible for inventorying and identifying your assets, paying off any debts, and distributing the remaining assets to heirs.

#7: Get Documents in Order: A Will, Power of Attorney, Healthcare Proxy, and Guardianship

Much of the estate planning process hinges on having the right documents in place:

  • A will, which designates the distribution of assets and can name guardians for any minor children or pets; and
  • A financial professional and/or medical power of attorney, which can allow a named designee to make financial or healthcare decisions on your behalf.

These documents provide a roadmap for your estate plan and are the best way to legally ensure that your wishes will be carried out.

Important Disclosures:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information is not intended to be a substitute for individualized legal advice. Please consult your legal advisor regarding your specific situation.

All information is believed to be from reliable sources; however LPL Financial makes no representation as to its completeness or accuracy.

This article was prepared by WriterAccess.

LPL Tracking # 1-05305315.


1 67 percent of Americans have no estate plan, survey finds. Here’s how to get started, CNBC

Related Resources

Webster InvestmentsArticles
An Annuity Can Help Restore Your Confidence in Retirement
Sometimes we forget just how fragile a nest egg can be. When the economy tanked in 2008, retirees watched in horror as U.S. markets suffered historic losses. The Dow declined by more than 50%, its biggest drop since the Great Depression of 1929. The oldest Baby Boomers, who were closing in on retirement age just […]
Webster InvestmentsArticles
Choosing a 529 Plan
Introduction Choosing a 529 plan means first deciding whether a college savings plan or a prepaid tuition plan appeals to you. If you decide on a prepaid tuition plan, you’re generally limited to the plan offered by your state. But if you choose a college savings plan, you’ll need to decide on the specific plan […]
Webster InvestmentsArticles
The Changing Face: Dual Income Families
The concept of the “traditional” American family is continually changing. The dual income family—with both spouses maintaining separate careers and contributing to the financial success of the household—has now become commonplace. The economic challenges and opportunities of this century may often require two incomes to meet overall family expenses. Many families ask themselves, “How will […]
Connect With Us
Learn more about Webster products, services and the communities we serve.
We’d love your feedback