Throughout life, most of us try to keep an optimistic outlook about things. No one plans on having a heart attack, just like no one expects to get into a vehicle and get into a collision minutes later. Events like this in life can never be predicted, and while you should not live your life in fear of one of these events, you should be prepared in case they happen.
One of the most often overlooked things in life is having everything organized if you were to pass away suddenly. Some people don’t even have a will written out! Whether you 18 or 80, you NEVER know what could happen to you and if you don’t have a will declaring where you want your assets to go when you die, then the state could take them away from your family. This is why it’s incredibly important to ensure you organise all of your important documents.
What about all of your online accounts and passwords? If you pass away and your family has no access to these accounts, bills could go unpaid and you may end up leaving your family with an enormous amount of debt that goes unnoticed until it reaches an insurmountable level. You have to have a location to store all of these accounts information, and it needs to be somewhere that a loved one or legal entity can access easily. The new year is a great time to start organizing and planning for the new year ahead.
Do you have a safety deposit box? Does anyone beside you know where the key is or know what items are supposed to be in there? Numerous times when a family member passes away, there are disputes between the widow and the bank about what items are supposed to be in the safety deposit box. Don’t leave your family in this situation, make sure at least one other person knows where the key is and keep an inventory of all the items that are in the box. This way there’s no confusion.
Have you secured your digital assets in a safe location? In today’s day and age, the online market moves quickly and if you pass suddenly, there has to be someone there to take over immediately. An asset left untouched or unnoticed can quickly decline in value and end up worthless. Don’t saddle your family with that disappointment.
As you’re probably beginning to understand for yourself, there’s a lot of room for things to go wrong fast in the unfortunate event that you pass away suddenly. When these things start to go wrong, the burden won’t be on your back, it will be on the back of your family. By taking educated precautions, you can make certain you have a safety net in place to take care of your loved ones after you’re gone. What may take you only hours to prepare and organize may end up saving your family months, or even years, of pain and heartache in the future. Despite it sounds like an overwhelming and daunting task to get things of this nature prepared, it is well worth it in the long run.
Are you looking for more in depth information. No problem! You need to check out this course of booklets which you can buy here. You can find out more about the great team behind the site and books here. Of course if you have any questions at all then please don’t hesitate to get in touch with one of the team who will be more than happy to help.