#21 - More Top Subscriptions That Cost Executors $$$
Reluctant Executor News
Hard to believe, but not all subscriptions these days are digital or online. If you're an executor trying to find and cancel subscriptions, take a look around for signs. You might notice a recurring delivery through the mail, tags on a keychain indicating a membership, or something else.
The posts below cover 2 common subscriptions that executors should keep an eye out for.
LinkedIn post from July 5, 2023
Overlooked Subscriptions That Could Cost Executors $$$ (Part 3/8)
Gyms are a great place to build both fitness and a social network.
Trainers and staff will be some of the first to notice when a regular stops showing up.
However, if the deceased only went occasionally, staff probably won't recognize any change.
If you're not sure if they had a gym membership, check credit card or bank statements, but also check their key ring. A lot of people still use the physical access card and keep it with their keys.
When you call to cancel, don't forget to ask if they had a locker or left any equipment or clothes behind. Staff will be happy to collect items and have them packed at the front desk for you.
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LinkedIn post from July 6, 2023
Overlooked Subscriptions That Could Cost Executors $$$ (Part 4/8)
Newspaper subscriptions should be as easy to notice as the black ink that the paper leaves on your fingers. But if you don't cancel one before it renews, your estate could be out hundreds of dollars.
Newspapers used to be actual papers. They were delivered to your door every day fresh with yesterday's news.
When a subscriber died, it was easy to notice the subscription since papers would continue to pile up at their door.
Now, newspaper subscriptions are paper optional. You get to read up-to-date news digitally on your phone, tablet, or computer.
And some subscriptions can renew for over $650 each.
If a loved one was subscribed to a few different news sources, you could be looking at over $1,000 renewal cost.
Digital subscriptions are much harder to spot than paper, but there are a couple of key things to look out for.
Look over the last 12 months of credit card and bank statements. Don't be fooled if you see a tiny charge for a news service. Many media companies charge an extremely low introductory price, but the renewal can cost hundreds.
Next, if you have access to email, look for newsletters or breaking news alert emails. These tend to arrive daily or weekly.
Finally, look for news apps on their phone, tablet, or computer. They may not have had a subscription, but be on the safe side and double check if you do find any.
To make sure your family knows about subscriptions, use the free template at Reluctant Executor to start tracking this and other critical estate information.
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Estate Map
Subscriptions are hard to find, unless you already know about them. You can save your family hours of searching and hundreds of dollars by taking the time to document recurring subscriptions.
Reluctant Executor's Estate Map template is a free resource that can help you document your subscriptions. You can download an Estate Map template to get started, or contact me at Bill@ReluctantExecutor.com for one-on-one guidance.