It’s Good to Know: Your Master Information Document

By | Wed, Jun 4, 2008

Archives: It's Good/Fun to Know | Wise

If you died tomorrow, would your family be able to put your affairs – especially your finances – in order? One way to make sure they can is to create a single master document that lists all your bank accounts, debts, assets, life insurance policies, Social Security benefit records, retirement accounts, etc. Include the account numbers, as well as contact information for the company, lender, or bank. Keep a copy of this document in a safe place – a safety deposit box, for example – and make sure family members know it exists and where to find it. You could also give a copy directly to your closest trusted relative.

(Source: The Simple Dollar)

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