Estate planning files require to be kept securely, yet be available, when required. Here are 6 simple to implement tips on storing your estate planning files.
u2022 Ask your estate planning attorney if he keeps signed originals and for how long he will do so.
u2022 Provide a copy of your estate planning documents to a relied on loved one. Your successor trustee or administrator would be a great choice. They can keep these documents in their home for their easy reference and safe storage.
u2022Keep your estate planning files in your desk drawer or on a rack in your house office. Think about placing them in a fire safe, however make sure your trusted enjoyed ones have the combination.
u2022Do not put your estate planning documents in your safe deposit box. They may not be accessible when required due to banking hours and your relied on enjoyed ones will have trouble entering into package. The files that authorize admittance will be in package itself. That’s not great; that’s a hassle.
u2022Use a virtual document storage service to save your files. Docubank (www.docubank.com) shops health care documents, contact information, and important health info, making it readily available 24/7/365 with one phone call.
u2022Keep your essential documents and certificates with your estate planning documents. This would include marital relationship, death, and adoption certificates; deeds and home loan contracts; updated lists of assets and accounts; list of account numbers with passwords, user ids, and pins; funeral directions; agreements; letter to enjoyed ones; ethical wills; the most recent financial investment and checking account statements; and any other paperwork you consider to be essential.
You’ve done all that work producing a good estate plan; follow these suggestions to ensure that your files are offered when you need them. If you have any concerns that weren’t answered in this post seek advice from a qualified estate planning lawyer.