Important Document Organization Can Save Time, Money and Grief

Consumer Reports’ blog had a great article today about having your documents  organized in case of emergency.  I’m reproducing their included table here and linking to them.  I figure if maybe I link enough times they won’t ask me to remove it.

The  good news is that I already do most of this.  Spending so many y ears as an insurance agent I saw the value in these preparations.   Something I also recommended that I don’t see here is a written and video inventory of your possessions, including as much detail as possible (where bought, how  much paid) expecially for the big ticket items.

TYPE OF STORAGE DOCUMENT(S) KEEP A COPY? WHERE TO STORE DUPLICATE?
SAFE-DEPOSIT BOX Birth and death certificates; marriage license; adoption, citizenship, divorce papers Yes Home file
Inventory and photos of household property Yes Home file
Deeds, titles, bills of sale, car title, mortgage Yes Home file
List of location of important papers Yes Home file
HOME FILE CABINET Tax returns; supporting documents for past 3 to 7 years No
Passport No
Bank-account information Yes Friend’s or relative’s home or at your office
Insurance policies No
List of all assets, including brokerage and mutual-fund accounts, stocks, bonds, bank accounts, real property, and employee-benefit accounts Yes Friend’s or relative’s home or at your office
ATTORNEY’S OFFICE Will, durable power of attorney Yes Home file and executor or personal representative
Funeral instructions Yes Friend or relative
Living will, health-care power of attorney Yes Home file, physician, personal representative
Location of safe-deposit box Yes Joint owner, friend, or relative
WALLET Driver’s license or other photo I.D. yes Home file
Auto insurance card Yes In car
Emergency contacts No
Blood type, list of allergies, medications No

I don’t know about you, but I know it would help calm me in the time of an emergency to know that much of the information I need is safe and sound, organized and easily accessible.  And when we lose someone we love our grief is tempered slightly by the knowledge that they cared enough to prepare and make the logistics of dealing with the aftermath as easy as possible.

Go forth and organize!

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