Your legacy is what you leave to your loved ones after you’ve passed away. One of the most helpful things you can leave as a legacy is a collection of well organized important documents. These documents can then be used to determine your legal wishes, reach out to insurance companies, close accounts, disperse assets and more. When people thinking of leaving a legacy, they often think of money, gifts or other property. If you have these documents well organized, you will be leaving your loved ones with less stress during an emotionally difficult time.
6 Steps to Organizing Your Legacy
1.Gather Your Important Documents in One Place
Choose one place to hold these important documents. This may be in a file cabinet drawer, a file box or a binder.
2. Collect & Organize the Following Information:
- Will and estate information, and your attorney’s contact information.
- Healthcare and financial power of attorney details.
- Funeral instructions.
- Insurance policies including home, car, health, life & disability.
- Monthly budget and contact information for all utilities and loans.
- Financial account information including all bank, savings & retirement accounts.
- Safety deposit box information, and a list of its contents.
- Deeds to homes, funeral plots, car titles, birth certificates, etc.
- Recent tax returns & your accountant’s contact information.
- Online password information and pin numbers.
- Any other important documents you’d like to leave behind for your loved ones to easily find.
3. Clearly Label All Documents
Label folders or binder tabs, so that your family can find everything quickly.
4. Make Copies of All Important Documents
It is helpful to have copies of these documents. You may want to store the original documents in a safe deposit box and leave the copies in your home in one location.
5. Tell Others
Make sure at least 2 trusted family members or friends know where all of this information is located in case of an emergency.
6. Keep Documents Up to Date
On a regular basis, update the information in your legacy documents. Your situation may change, so be sure to keep things current.
If you need assistance in organizing your legacy, professional organizers can help to quickly and efficiently set up an organized system. In the Raleigh, North Carolina area, contact On Task Organizing by email or by calling 919-561-0885. Nationwide, visit The National Association of Productivity and Organizing Professionals to search for an organizer near you.