25 Documents You Need Before You Die

2011 July 9
Comments Off on 25 Documents You Need Before You Die

Useful guide by Saabira Chaudhuri in the Wall Street Journal. The article covers areas such as wills, proof of ownership, bank accounts, health-care, life insurance, retirement, marriage documents and why you should prepare a “Death Dossier”:

The 25 Documents You Need Before You Die

It isn’t enough simply to sign a bunch of papers establishing an estate plan and other end-of-life instructions. You also have to make your heirs aware of them and leave the documents where they can find them.

[..] The financial consequences of failing to keep your documents in order can be significant. According to the National Association of Unclaimed Property Administrators, state treasurers currently hold US$32.9 billion in unclaimed bank accounts and other assets.

Most experts recommend creating a comprehensive folder of documents that family members can access in case of an emergency, so they aren’t left scrambling to find and organize a hodgepodge of disparate bank accounts, insurance policies and brokerage accounts.

Read the full article here…

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