Estate Planning 101

What happens to my TurboTax when I die?

September 13, 2023

Are you an executor or trustee?

Snug can help you get organized by providing one place to store and analyze Wills, Trusts, and other essential documents. You can inventory finances, personal property, digital assets, insurance, and more.
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Want to get organized?

Snug can help you organize all of life's details by providing one place to store and analyze Wills, Trusts, and other essential documents. You can inventory finances, personal property, digital assets, insurance, and more.
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Your financial journey, marked by diligent tax planning and strategic decision-making, is mirrored in your TurboTax account. The tax returns you've filed, the refunds you've secured, all form an integral part of your financial legacy. But, have you ever considered what happens to your TurboTax account when you pass away?

As a leading tax preparation software, TurboTax has measures in place to handle the accounts of deceased users. The primary option is Account Deactivation.

Account Deactivation

Upon your passing, a family member or legal representative can contact TurboTax to inform them of your death. After necessary verifications, TurboTax will deactivate the account, thereby safeguarding your personal and financial information.

While this procedure is straightforward, it requires proactive planning and clear communication with your loved ones. This is where Snug can assist.

Snug is designed to help you create comprehensive estate plans and organize all of life's details in one secure place. We empower you to communicate your wishes clearly about your TurboTax account, whether it's deactivation or any specific instructions regarding the handling of your tax information after your death.

But Snug does more than just manage your financial legacy. We provide a holistic approach to estate planning, helping you manage all aspects of your life, from digital assets to end-of-life decisions, within a secure and user-friendly platform.

Our services include:

  1. Digital Estate Planning: We help you catalogue all your digital assets, including social media accounts, emails, and online banking, and decide what happens to them after your death.
  2. Document Storage: Store your important documents such as wills, trusts, and insurance policies in our secure platform.
  3. End-of-Life Planning: Record your wishes for funeral arrangements, organ donation, and other end-of-life decisions.
  4. Legacy Projects: Create projects that capture your life story and values to pass on to future generations.

In our increasingly digital world, managing your financial affairs after death is as important as any other end-of-life arrangement. With Snug, you can tackle this reality with confidence, ensuring that your financial legacy is handled according to your wishes, providing clear instructions and peace of mind for your loved ones.

Snug is not just about planning for the inevitable; it's about celebrating life and ensuring that your legacy lives on, both in the hearts of your loved ones and in the financial world.