Where are your documents?

People sometimes don’t even know, or they have only a vague idea. They’re not even sure of the scope of their assets. If you don’t know where your documents are, you’ll be leaving a mess for those who try to pick up the pieces when you are gone.

Coordinate and simplify your affairs through a written financial plan. Used in conjunction with an online financial center or service, where all of your assets and debts, bank accounts and mortgages, and more can be updated daily, you will be leaving things well in order.

For example, at Family Wealth Management we give our clients an online vault and scan everything into it, including wills and trusts and powers of attorney, property deeds, passports, birth certificates, and more. It’s all in the vault. It’s set up for access by your chosen executor or trustee upon your passing and is part of our “Total Client Profile.”

At the very least, you will want to create a document that lists everything important that you can bring to mind. There are online services that can help you, or just grab pen and paper and start writing. Who are your advisors? What are your assets and debts? Who carries your life insurance? Who should be contacted? What papers do you keep where? You’ll want to keep that list with your will or trust papers, and perhaps give it to your executor or your children in advance.

Learn more about our “Total Client Profile” and other services at www.familywealthadvisory.com.