UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev | Next
Author: 2gifts Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311082  
Subject: Re: Being Prepared. Date: 1/23/2013 10:43 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
I used to keep a typed list of all our accounts and other pertinent information for DH, and would review it all with him about every 6 months. Now that I have everything in Quicken, it is much easier, but I do still maintain a list of the various accounts and access information so nothing is missed. We still sit down about every 6 months to go over everything, but his eyes tend to glaze over about this stuff.

I've now started to prep DD with the same info because I know she'll remember it and be able to help DH if something happens to me. In fact, we are just about to update our estate planning paperwork, and now that the kids will be 22 in April, we are planning on changing the back-up Executor to DD and then DS as whatever is left will be going to them, and they are now old enough and mature enough to be able to handle it.

So besides making sure that all the necessary paperwork and such is in order, I also recommend that people review it regularly or when there are major life changes to make sure it is all up-to-date and reflects the right desires.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.