Where do you file your important papers and information?
If you’re like most of us, our information is scattered among boxes, file cabinets, in a home safe or safe deposit box or on our PC. You may not have thought about it, but these may not be the best places to store information anymore.
We’ve compiled a list of the top reasons why those choices may be outdated.
“Being in the financial planning industry for over 35 years and focusing on end of life planning, we’ve become accustomed to seeing first-hand what families go through after the death of a loved one. Many times, there is added pain and frustration because they just don’t know what to do.” Michelle Braddock, Co-Founder, My Life and Wishes Inc.
Planning your legacy can be complicated. Debt is a very real component in that planning. Make sure you understand what debt you have, who will end up being responsible for that debt, and how that might impact what you leave for your loved ones.
Bad things happen. We cannot predict or control them, but we can control how we react to them. And once through it, it’s wise to reflect on that event or circumstance to see what the experience has taught us.
Being productive during these sometimes-monotonous days (is it Monday or Saturday? syndrome) is critical to keeping our sanity. The feeling of accomplishing something you haven’t done before, (or have put off for a long time) can be extremely satisfying!