Think for a few moments about what would happen if you suddenly became incapacitated or died. Would your spouse or family know what to do? Would they know where to find important records, assets and insurance documents? Would they be able to access (or even know about) online accounts or files on your computer? Would they know whom to ask if they need help? Putting the effort in now to establish a formal document inventory can alleviate unnecessary anxiety and turmoil in the future.
The Key Takeaways
- If you should suddenly become incapacitated or die, your family would need to know where to find the information they would need.
- Let your key relationships know where to find your document inventory.
- Do not assume your process will be readily understood by others; have a trial run to make sure they can find and understand your records.
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