In Case of Emergency
If you became suddenly ill or hospitalised or even dead would your family know what to do with all your affairs?
Do your family members understand all your financial dealings? Would they know where to start in paying your bills?
These are all important questions that you should sort out now while you are fit and well. I’m sure we’d all hate to see our hard earned investments disappear or go down the drain just because we hadn’t planned for the unexpected.
Heres a list of some things you should have easily on hand in case the worst should happen:
- Up to date medical insurance information
- An updated will
- Power of attorney information
- Life insurance information
- A basic guide to your bank accounts - numbers, passwords
- A basic list of bills in case someone else needs to help you pay them
- Spare keys for both house and car
- Details of all your investments and what needs to be done to look after them
Also think about people to notify of where these details are stored. Either papers stored somewhere accessible, on a certain computer or USB drive or even somewhere password protected on the web.
Anyway its something to think about. Sure you might think I’ll be dead so I won’t have to worry, but think about making life a bit easier for your loved ones left behind.
Check out the full article on this subject here.