It’s not a fun topic, but it’s an important one. If you haven’t please consider making some plans for those you love to handle life after you. There are some simple things you can do now that will be incredibly useful and appreciated should something happen to you.
- Make a list of your accounts and passwords, along with where they are located and other people who have knowledge or access.
- Do you have a will? Where is it located? What is the date of the most recent version?
- Where do you have investment and retirement accounts? Do you have beneficiaries listed and do those people know? Note the account numbers, locations, phone numbers, and contact person associated with each.
- Do you have a safety deposit box? Where is it at and where is your key? Who or where is the other key?
- What are your main online accounts (bank, investment, mortgage, bills, social media, etc) Passwords or back-up questions for these. Make sure this information is stored securely.
- Where are your abstracts, insurance documents, loan documents, and other important documents located?
- Plan for possessions. If there are sentimental items you wish to leave for a loved one, put it in writing. If possible, let that person know your intentions ahead of time.
- Letters or videos. Many people wish to write a letter to their loved ones letting them know how they feel about them. This can be especially helpful in the case of young children or an untimely death. Record your sentiments.
Here’s a great article in Time called, “Why You Need to Make a ‘When I Die’ File—Before It’s Too Late” that takes these topics further and give more insight into this important conversation.