Estate Planning – Organizing Your Financial Records

If you have any of your financial records on a computer, you need to list which computer the information is on, how to get to it and any passwords that may be necessary.  The location of any information stored on a flash drive or on a disk, should also be listed with its location.

Create a list of all your financial accounts (investments, bank accounts, insurance policies, etc.).  Be sure to include account numbers and any other pertinent information that may be necessary.  Sometimes it may be necessary to know a Social Security number, driver’s license number, VA claim number, or birth date, when dealing with these accounts.  Make sure the person assigned to deal with your financial affairs, knows these facts and anything else, to get into your records.  Don’t forget to list information about your credit cards, mortgages, auto loans, etc.

Sometimes, safe deposit boxes are closed upon death and not opened until probate.  So be careful that copies of your will and other important documents are available outside of your safe deposit box.

Other valuable documents, whose locations should be known, are deeds, car titles, military records, birth certificates, marriage certificates, divorce decrees and your estate planning documents.

Seem a little overwhelming?  Afraid you’ll forget something?  We are experienced Estate Planners.  We can help.  Call us today!

Todd Courser 810-245-0813