Personal Finance: Getting Your Affairs in Order

I can't stress sufficient how leading it is to get your affAirs in order. So many population put this off - often until it's too late. We seem to think we are indestructible, or that we at least have a very, very long time before we even need to think about what will happen when we pass on.

I recently lost my mother. She didn't have a will even though I had asked her to write one for years; ever since Dad died. Maybe she was just in denial. For years she told me she would do it, she just wasn't ready yet. Then she developed Alzheimer's and deMentia and couldn't.

Personal Finance

Getting your affAirs in order is leading for everyone. It is one of the kindest, most unselFish gifts of love that you can give your family. It will take some time and exertion on your part, but it will save your loved ones the stress of trying to work straight through the situation when they are grieving and even the most simple tasks seem difficult.

Personal Finance: Getting Your Affairs in Order

So, what data do you need to collect? Here's a list to get you started.

Personal data like your communal security number, birth date and place, marital status. Family data such as your spouse's name, children, grandchildren, etc. Your work adDress, supervisor's name and phone number. Names, adDresses and phone numbers of population you would like to be notified. Names, addresses and phone numbers of pro and enterprise contacts like your doctor, pastor, lawyer, accountant, assurance agent, banker and investMent broker. List all of your personal financial data such as checking, savings and investMent accounts perfect with list numbers. If you have a security deposit box, provide the box location, number, and key location. List any credit card accounts with issuer and list number. List any real estate property, mortgage holder, monthly payMents, and assurance enterprise and provide the location of deeds, tax documents and cost records. List automobiles, titles, and assurance carrier. Provide employment benefit data such as health insurance, life insurance, reTirement fund, beneficiary information. Write out your final wishes, funeral location, church affiliation, burial or cremation, either or not your final plans are pre-paid, who you would like as pall bearers, either or not you want an obituary, what music you would like at your assistance and any other special requests. Wills, trusts and powers of attorney with location, name of lawyer who drew up the paperwork, who the executor of your will is, either or not you have a living will, and either or not you want your organs donated.

Do not keep this data in your security deposit box since it will probably be inaccessible after your death and before your will is executed. If your final arrangements have not been pre-paid, reconsider having a joint bank list with a trusted friend or family member for the sole purpose of having funds ready to pay for your funeral expenses. Most funeral homes now require cost in full before they will make any arrangements at all.

I know it sounds like a daunting task. Just dream how much more difficult it would be for a grieving loved one to try to assemble all of this information. Give your loved ones a true gift of love by taking the time to put your affairs in order. If you start today, you can be accomplished in 30 days or less.

Personal Finance: Getting Your Affairs in Order

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