As we age, there comes a time when we realize that we'll need help to manage our finances, and day-to-day life. Many people rely on their family for support, while others engage a daily money manager or trustee. Regardless of who will be supporting you, having organized financial records allows for a smoother process.
WHY IT'S CHALLENGING TO ORGANIZE FINANCIAL RECORDS
Many of us don't realize just how much information there is about our personal affairs until we try to document it. It's easy to become overwhelmed with the sheer volume of details and can be a challenge to figure out exactly what information someone will need in order to keep things running smoothly.
While there are a wealth of personal financial organizers available, we've found that there's great value in having an experienced professional guide you through the process.
At Everyday Money Management, our DMMs use a priority system called the Whole Life List, to organize financial records and collect all the details that matter. This system divides the process into monthly tasks to gather details over the course of a year.
We've come to realize that some people need to gather this information more quickly, and that's why we've created a solution called ReadyPlan.
HOW READYPLAN WORKS
ReadyPlan leverages the unique experience of our daily money managers to guide you in organizing your financial records in an efficient manner. Over the course of several visits, we'll help gather information on:
Financial Accounts
Document all of your financial accounts including checking, savings, credit cards, mortgage, and investments
Assets & Liabilities
Catalog debts and assets including a detailed list of physical assets such as cars, art, and jewelry
Passwords
Leverage a secure password storage system to gather passwords and login credentials for all your online accounts
Bills
Make a list of your regular bills and how they are paid, including subscriptions and memberships
Insurance Policies
Collect information about the policies and premiums for your health, long-term care, and property insurance
Medical Providers
Document key information about your healthcare providers, their specialties, and how to access online portals to communicate with them
Professional Service Providers
Record the names and contact information for service providers including lawyers, accounts, investment advisors, and insurance agents
Maintaining Your Home
Create a list of all your home service providers such as electrician, plumber, HVAC, landscaping, and snow removal
Final Wishes
Gather your will, power of attorney, medical directives, and other estate planning documents along with funeral arrangements and a list of bequests.
WHAT PEOPLE ARE SAYING
“I especially like the Whole Life List not just for myself, but for my family so they know what I have and where it is when I can no longer manage things myself.”
READY TO ORGANIZE YOUR FINANCIAL RECORDS?