As many of us are doing our personal end of year reviews and planning for the year ahead, now is a good time to update or compile an emergency preparedness file. While no one likes to dwell on the worst of outcomes, failing to prepare can lead to additional stress and uncertainty for you and your loved ones in the future.
Here is a list of items, although not exhaustive, to include in your emergency preparedness file.
Any power of attorney documents, healthcare power of attorney or living wills
Your estate planning documents including your will and trust documents.
Your marriage license or divorce decree
Deeds to your home or any other property you own
Titles to Your Vehicle
A list or schedule of any properties or assets that you own or that are in your possession
Copies of life insurance policies, pensions, retirement accounts and other benefits,
Copies of your property insurance
Copies of bank statements and retirement account statements
Copies of stock certificates or bonds if available
Contact information for who to contact in case of an emergency as well as the names of your attorney and financial advisor.
Be sure to keep all of these items in a waterproof and fireproof safe. Keep any duplicates in a separate and secure location.
If you have any questions or would like help updating your estate planning documents, please reach out to us at www.smithdominguez.com and we would be happy to help.