Creating an organizational system for important documents will help the planning process go smoother and provides peace of mind at tax time and end of life.
A prospective client recently told us, “I just need someone else to know what I know.” He was the only one in his family to handle anything related to finances. He paid all the bills, made sure the insurance was in place, and made the investment decisions. And he was the one with the relationships with his trusted advisors.
This gentleman was concerned that if something happened to him, his wife and kids would be lost. They wouldn’t even know where to start to get their financial lives on track. Being the only one in his household with this knowledge was a burden, and he wanted to make sure somebody else had his back, so he could devote more time to enjoying life. He decided to take steps to protect his family. How?
Getting a process underway may seem daunting, but it doesn’t have to be. In this article, we will discuss how to get started in organizing your documents.