This is not the most pleasant of subjects, but it’s something that we all have to think about. It’s part of life. It happens. And if you love your family and want them best for them even under the worst of circumstances, then you need to pay attention to this blog.
What would happen if you suddenly passed away today? Would your assets be protected? Would your family be taken care of? Would they be able to survive without you there?
This blog post highlights a few things that you need to take into consideration. Following these little tips can make a huge difference in the event you are not around any more. It’s your responsibility to make sure you have this handled and your loved ones are taken care of.
Keep You Will Updated
There are so many reasons to keep your will updated, and once you understand them you will make it a habit of constantly bringing its contents current. You are constantly accumulating new assets, which requires updating.
What if you move and change locations? Sell a house and buy a new one? Or purchase a vacation condo? A new car. There are so many reasons to keep your will updated on a consistent basis.
Anything and everything related to your assets and financials needs to be documented. Thanks to technology you don’t have to have a room full of filing cabinets in your house.
I would suggest making it a habit to convert all important papers and documents to a digital format and then store them on a secure cloud service. This will keep everything organized and make it easily accessible to those that need it.
Make sure your spouse or family know how to access the files. You might also want to give access to your lawyer or accountant. Once you start to document everything in digital format it will become second nature and you won’t think twice. You will start to do it naturally.
Keep Detailed Health Records
This is a touchy subject, but one that we have to address because of its importance. You need to keep detailed records of your health. Doctors visits. Medication taken. Everything.
This type of record keeping is very important in the event that a wrongful death lawsuit has to be filed. What if something happens and your family has the right to pursue legal actions? You want them to be able to win the case I would imagine. Detailed health records would be very beneficial and help them get justice in the event something unfortunate happened.
Keep Electronic and Hard Copies
I mentioned keeping electronic copies of everything because it’s easier and doesn’t result in a room full of filing cabinets. But what if the cloud service you use is hacked or crashes, or they simply disappear one day? Then what?
You need to make sure there is a backup and the only way to be certain is to have hard copies. While you may not want to keep them at home or at work, you can rent a small climate controlled storage locker to keep them at. Make sure it’s climate controlled because if not the documents will get ruined by heat and humidity.
Make sure that your family, lawyer or accountant has a spare key in the event they need to access the files.
Latest posts by Simonne Hembre (see all)
- How I Turned a Hobby into a Million Dollar Online Business - July 14, 2019
- How to Protect Your Assets and Family if You Pass Away - May 27, 2019