This time of year is often time to spring clean our homes, but it’s important not to forget to spruce up our personal affairs. While it’s never at the top of anyone’s list, it helps to start thinking now about the critical information and documents our family might need in the event of an emergency.
If you’re not convinced, just think about the following…
- Does anyone else in your family know where to find photos stored on your computer?
- Could someone locate passwords to your online accounts?
- Would they know the name of your doctors?
- Who else knows where you’ve stored original documents, such as insurance policies, wills, birth certificates, loan documents, etc.?
- Could someone determine your monthly bills and pay them for you?
If spring cleaning your personal affairs is something you’ve never given thought to or you’ve answered no to any of these questions, I challenge you to block out a few days to complete the What My Family Should Know worksheet.
On this one worksheet, you can compile all your important information such as contact information for family members, life insurance details, bank and credit card accounts, safety deposit box location, your financial advisor’s information, and so much more.
Once you’ve completed your worksheet (or even as you’re working on it), you should make sure someone in your family knows where they can find it or even share a copy with a trusted family member or advisor.
Have you ever taken time to organize your personal affairs? What’s one thing your family would probably never find or figure out without you around?