There are websites 1 with forms to help you organize this information, including accounting and tax information, banking and credit information, documents, and legal documents. Once you have your information organized print this information and put it somewhere safe and secure, yet leave a written instruction to a responsible person as to where to locate the forms.
Some of the information needed by those who will be looking after your financial affairs may be:
- Bill Payment information
- Bank and Credit Card Statement information
- Insurance and Medicare Payment Review
- Bank Account Deposits
- On-line Banking Activities
- Document Organization for Accountant, Financial Ad visor, Attorney or Designated Party
- Income and Expense Ledgers
- Spending History by Account, Category, Percent and Dollar Figure
- Bill and Income Receipts and payments
- Net Worth by Account Type
- What to do with and managing Incoming Mail
You should also record the contact information for accountants, financial consultants, insurance agents, investment brokers and lawyers. If you have more than one professional for each category, you can include them as well as specify their specialty.
Record where you keep information about health records and forms, insurance policies and documents, investment records and legal documents. The organization of documents will help maintain order and will also allow you or others to periodically review the most recent revisions to determine if updates may be necessary.
1. https://www.myseniorportal.com/cat/finance-law-insurance/financial-envelope (must join to use the forms)