Why Would Family Need Access to Important Documents?
Whilst you probably do not want to think about the “worst-case scenario” when it comes to your life… it is vital that you do so: in order to protect your family from financial instability if the worst ever did happen.
In the case of your death, your family will need to access your important documents in order to settle your estate and affairs; gain access to certain accounts; pay outstanding bills; address your will and receive their entitled benefits. Therefore, you should always keep important documents in an organised, accessible location in case of such an emergency; and disclose this location to a family member.
Leaving behind organised and accessible documents will relieve your family from the overwhelming stress that they would otherwise feel if they had to dig through piles of chaotic paperwork. Coping with bereavement is hard enough. Get organised and make life easier for your family, not more difficult.
Important Documents to Keep Accessible?
· House deeds
· Vehicle ownership documentation (V5)
· Life insurance policies
· Pension information
· Bank account/savings details
· Power of attorney
· Online account logins and passwords
How to Keep Important Documents Accessible and Protected?
Whilst documentation needs to be accessible after death, it is just as important for documentation to be protected during life. Therefore, you need to ensure that all of your documents are kept in a safe and secure location, which is accessible to family IF the worst happened. The perfect location? A safe deposit box.
A safe deposit box is an individual storage space, contained within a larger safe facility. You can store all kinds of important and valuable items in them, such as documentation.
In case of your death, a safe deposit box facility will continue to protect all of your stored items, until probate is granted. After this, the person you have chosen to administer your estate can retrieve your items from within your safe deposit box. For quicker retrieval of important documents, you can make a family member a secondary renter of the safe deposit box and they would therefore have access to it at any time.
Safe deposit boxes are an unflawed system; aimed to provide convenience for your family, and top-quality protection for you.