Storing Your Financial Information Now Could Help Avoid Problems Later
It is important to locate, list, and review your personal, medical, and financial documentation so that the executor of your estate will be able to administer according to your wishes in the event of your disability or death. The following is a generalized list of documents and information needed to administer an estate. Click here to download the checklist.
Military Discharge Papers
Last Will and Testament
Burial Instructions (pre-paid services, plots, etc.)
Safe Deposit Boxes and/or Safes (with keys and/ or combinations)
Powers of Attorney
Bank/Credit Union Accounts (Checking, Savings)
Pension System Statements
Deferred Compensation Papers
Credit Card Accounts
U.S. Savings Bonds
Money Market Accounts
Certificates of Deposit (C Ds)
Real Estate Deeds
Property Tax Records
Inventory of Assets (include appraisal)
Income Tax Re turns for Several Years
Outstanding Loans (either owed to you or by you)
Pending Legal Actions/Lawsuits
MEDICAL AND INSURANCE INFORMATION
Health Care Provider and Personal ID Number
Organ Donor Information
Living Will/Health Care Proxy
Long Term Care Policy Information
Life Insurance Policy Documents
Veterans Administration Insurance Policy
Mortgage Insurance Policy
Property and Casualty Policies
List of all online accounts – websites/passwords
Finally, take some time to plan how you will store all of these documents. Consider storing some of these documents in an off-site location, like a security deposit box, as well as digitized backup files. This ensures you have the best chance of safeguarding the information. Don’t forget to provide a list of document locations and information should to your attorney and estate executor.
Having the paperwork ready to go will keep your family safe, financially secure, and stable during difficult days.
Have additional questions? We’re here to help. Please don’t hesitate to reach out to your Horizon Relationship Manager for assistance.
IMPORTANT DISCLOSURES: Horizon Trust & Investment Management does not provide tax or legal advice or recommendations. The information presented here is not specific to any individual's personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable - we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.